At the recent shareholder meeting of the leading US electric car company Tesla, there is growing dissatisfaction among shareholders with the company’s management. Support for a non-binding shareholder resolution on the group’s internal mandatory arbitration process to resolve workplace harassment and discrimination complaints rose to 46 percent of the vote cast at the annual general meeting, compared to 27 percent for a similar proposal in 2020.
The company also did not comment on the shareholder vote. The case took center stage after a US jury last week awarded a Tesla contractor $137 million for racism in the workplace.
According to the documents submitted, the directors running for election this year had to accept a setback: James Murdoch and Kimbal Musk, the brother of CEO Elon Musk, received less support than last year with 70 and 80 percent of the vote, respectively. Managers of large US corporations usually rely on at least 90 percent approval.
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