People like Ron Baron
Comment on Tesla seeks to award Elon Musk $56bn pay package | BBC
hahattpro@lemmy.world 6 months agoNo, most shareholder don’t have voice in big corp. Only a handful of shareholder who invest ton of cash can speak
DogPeePoo@lemm.ee 6 months ago
Serinus@lemmy.world 6 months ago
Most of TSLA is held by retail. Institutional investors are around 13%, Elon is around the same. (From memory)
Elon said he and his brother will abstain from the vote. They’re also going to spend millions to influence the vote.
It’d be pretty stupid for the shareholders to approve either. They also want to move the incorporation from Delaware to Texas, because apparently Delaware isn’t corporation friendly enough.
metaStatic@kbin.social 6 months ago
I've voted in quite a few board elections as a retail investor.
Employees on the other hand ...
hahattpro@lemmy.world 6 months ago
your votes don’t make any impact or just to look good on paper work (that they actually let retail investor vote).
metaStatic@kbin.social 6 months ago
if they didn't matter the big money running the campaign against the incumbent board wouldn't have been soliciting votes.
also the biggest vote you have is taking your ball and going home.
Jaysyn@kbin.social 6 months ago
I did that after the Cybertruck was shown the first time.
Kecessa@sh.itjust.works 6 months ago
Unless you have to mention that you’re a significant shareholder when making trades of the stocks, you have zero influence on what the company is doing.
Nougat@fedia.io 6 months ago
Protip: Your shareholder votes are not secret, so if you're voting based on your holdings from an employee stock program, you might experience retaliation if you vote the "wrong way."