Leo Koguan votes against restoring Elon Musk’s $50 billion pay package
https://www.forbes.com.au/news/innovati ... y-package/
Leo Koguan, a Singapore-based billionaire who claims to be Tesla’s biggest retail investor and has previously called himself an Elon Musk “fanboy,” voted against restoring Musk’s $50 billion compensation package ahead of the company’s annual meeting after it was eliminated by a Delaware judge early this year.
Koguan, with a net worth Forbes estimates to be $5.9 billion and founder of IT provider SHI International, told Forbes he also voted all his 27.7 million shares of Tesla against incorporating the company in Texas, new board terms for Musk, his brother Kimbal and James Murdoch and retaining PricewaterhouseCoopers as the company’s accounting firm.
Koguan said votes are based on the belief that Musk has “abandoned Tesla for his other companies,” he told Forbes in an email. “He is temporarily back to claim his $55 billion ransom money. I am broken-hearted.”
Shareholders are voting ahead of Tesla’s annual meeting on June 13.