Shareholders voted for it. Don't understand how the will of Tesla Shareholders is a corporate governance failure... couldn't read the rest of the article behind paywall, but the premise seems so borked that I'm not going to bother.

Article reminds me of a Delaware judge who also ruled that shareholders were not properly informed about the implications of their vote ‐ then after a very high profile court case and ruling ‐ shareholders voted a 2nd time to retroactively approve the same pay package. Who was right, this activist judge or shareholders?

It's funny how judges and The Economist's writers tell shareholders how they aren't really able to make an informed decision by voting their shares.

You ought to vote in a way that activists agree with!

Elon is too rich, how dare you vote for something that will make him and shareholders a lot of money!

"We know better than shareholders what pay structure is appropriate!"