Musk may leave Tesla

Tesla’s board of directors has announced that Elon Musk could step down as CEO if investors reject his nearly one-trillion-dollar compensation package, Reuters reports.

Tesla shareholders are set to vote today on whether to grant Musk up to $878 billion in company stock or risk his departure — a move that could lead to a drop in Tesla’s share price.

This decision is tantamount to a referendum on whether to apply traditional corporate governance rules to the world’s richest man.

Experts note that the decision amounts to a referendum on whether traditional corporate governance rules apply to the world’s richest person.