Can shareholders influence Elon Musk's trillion dollar pay package?

Tesla’s board of directors recently proposed  a pay package for CEO Elon Musk that could pay him about a trillion dollars if he meets certain goals. It’s not a done deal yet—Tesla shareholders will vote on the proposal at the company’s annual meeting in November. But just how much of a say do shareholders actually have in that decision? Or any decision?<br /><br /><br />Today on the show, we look at what it takes for a shareholder to get their voice heard and how this may be changing under the Trump administration. Plus we talk to one Tesla investor agitating for changes at the company.<br /><br /><br /><strong>Related episodes:</strong> <br /><a href="https://www.npr.org/2022/05/31/1102294858/an-epic-proxy-battle-comes-to-hasbro" target="_blank">An epic proxy battle comes to Hasbro</a> <br /><a href="https://www.npr.org/2022/04/11/1092079315/elon-musk-and-the-fear-of-the-activist-investor" target="_blank">Elon Musk and the fear of the activist investor</a> <br /><a href="https://www.npr.org/2022/12/06/1141066344/impact-investing-part-1-money-meet-morals" target="_blank">Impact investing, part 1: Money, meet morals</a> <br /><a href="https://www.npr.org/2022/12/07/1141432421/impact-investing-part-2-can-money-meet-morals" target="_blank">Impact investing, part 2: Can money meet morals?</a><br /><br /><br /><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at </em><a href="http://plus.npr.org/" target="_blank"><em>plus.npr.org</em></a><em>. Fact-checking by </em><a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank"><em>Sierra Juarez</em></a><em>. Music by </em><a href="https://dropelectric.bandcamp.com/" target="_blank"><em>Drop Electric</em></a><em>. Find us: </em><a href="https://www.tiktok.com/@planetmoney" target="_blank"><em>TikTok</em></a><em>, </em><a href="https://www.instagram.com/planetmoney/" target="_blank"><em>Instagram</em></a><em>, </em><a href="https://www.facebook.com/planetmoney" target="_blank"><em>Facebook</em></a><em>, </em><a href="https://www.npr.org/newsletter/money" target="_blank"><em>Newsletter</em></a><em>.</em> <br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>