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Before the TESLA votes the main issues of investors, the investors will have to be obliged to wait until November.
This week, company finally raised the secret around history a very late annual stock meeting. According to state laws in Texas, the Tesla session was held in July 13 – a year later and a month later Previous meeting.
“They can’t have an annual meeting every year? This is ridiculous – almost expresses disrespect for the legal and accepted procedure.” Charles Elson said Fortune. “Shareholders’ vote is a basic principle in our system of capital formation and if you cancel this, you shoot a hole in the system.”
Elson serves as the presidency of the Subcommittee in the American Barosu Business Law Section and the University of Weinberg is the founding director of the Coritian Center at the University of Delaware.
In 2024, he considered a client of the Netherlands and Knight-Tesla, the Netherlands and Knight-Tesla as a customer, while a connection after a 30-year relationship in a period of time legal opinion CEO Elon Musk on the payment package, dubbed “The largest in human history“.
The announcement of the General Meeting of November 6, a group of institutional investors representing $ 1.5 trillion in management, after a group of institutional investors expressed “deep anxiety” immediately, “immediately” immediately.
The ongoing silence of the board
“Silence, which continues in AGM in Tesla, causes anxiety,” Tesla wrote in one of the directors open letter Was published on Wednesday.
The company first accepted at the end of April The file was not given The definitive proxy expression in normal time, where no reason is specified. Elson said that there are only a few legal protective bases to push the annual meeting back as the lack of inspected financial statements.
To delay it to a new payment package or vote on a potential investment in the last startup Xai, the two theories of the Tesla society did not respond to this threshold.
“The law must be applied equally and neutral. There are no special exceptions for special people,” Elson said.
Tesla did not respond to a student Fortune for comments.
If the shareholders do not have a legal problem for the next date, the company does not give any results.
‘Why do these individuals pay hundreds of millions of dollars?’
Nevertheless, Elson is afraid of the spirit of capitalism. If the owners of a company do not feel like themselves, reduce the likelihood of investment in the capital.
“Every shareholder is a cycle of the year, which is a chance to act in an open forum. This is a natural part of the corporate calendar that provides accountability – you will not be able to deny the main voting rights of shareholders,” he said.
If more companies are watching the sample of Tesla, disinfered investors want to protect the debt-based financing system from the contract. This limits economic growth because this reduces appetite for the risk that distinguishes US Slow Europe.
Elson claimed that a special board prepared by a special board prepared by Wedbush Analyst from Ives, the chairman of the Robin Denholm, the chairman of the Denholm, indicates how the shift of the believer. “Close“Musk answered ive, and immediately hit the offer.
“I do not think that this council will be able to operate outside the interests of the musk. Thus, this is the question, exactly what is he doing?” Elson asked. “Why do these people pay hundreds of millions of dollars?”
