Another showdown scheduled for June is the Tesla shareholders meeting where the owners of the business have the chance to vote once more on Elon Musk's $56bn pay package. In an earlier column I said it was wrong for the courts to decide on this, but up to the shareholders. Now they have the chance.

Until now the US has seemed the land of unlimited executive compensation. But Musk likes to test limits - in space, land or in the boardroom. Now it seems he has found another - the chances of the vote being passed are diminishing. The question then is what happens next? Will he storm out in a huff? Or decide that he can rub along with a mere $10bn or $20bn after all.

(c) 2024 City A.M., source Newspaper