Will Tesla investors oust three directors and strip chairman job from Elon Musk? They'll vote Tuesday
SAN FRANCISCO - With Tesla in trouble, some investors think it's time to shake up the board of directors.
Shareholders will vote Tuesday whether to dump three directors and replace Elon Musk as board chairman.
Few, if any, expect the votes to pass. In past years, shareholders have overwhelmingly supported the company against activists. And Musk owns 21.9 percent of Tesla voting shares.
But some advocates - concerned about a lack of independent voices on the board - expect the number of "dump" votes will be big enough to make waves and force Musk and Tesla to pay more attention to investor concerns.
"I don't know if anyone will be voted out of office," said Kern McPherson, senior director of North American research at corporate governance advisory
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