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Trillion-Dollar Investors Don’t Mind Billion-Dollar CEO Awards Bloomberg

BNN Bloomberg

(Bloomberg) -- Some of the world’s biggest money managers backed two unprecedented executive awards this year, emboldening other corporate boards to make colossal bets on their CEOs. Funds run by BlackRock Inc., Fidelity and T. Rowe Price Group Inc. cast votes in favor of special grants for Tesla Inc. Chief Executive Officer Elon Musk and Axon Enterprise Inc.’s Rick Smith, regulatory filings show...

Mentions: Investors State Street Tesla