Funds run by BlackRock Inc voted over Tesla Inc’s objections in favor of a shareholder proposal in June that would have required the electric carmaker to replace Elon Musk with an independent board chairman if the motion had not been defeated, a regulatory filing showed on Thursday. BlackRock-managed funds voted for a measure requiring the board chairman be an independent director, according to a BlackRock filing with the U.S. Securities and Exchange Commission. More than 86 million shares voted against the proposal at a shareholder meeting in June, while fewer than 17 million voted in favor, according to …read more
Source:: Yahoo Finance
