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Shareholders vote 2014 shareholders meeting

Discussion in 'TSLA Investor Discussions' started by Chickenlittle, Jun 6, 2014.

  1. Chickenlittle

    Chickenlittle Active Member

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    Of course elon voted in but what I am astounded by is that there were more than 2 million votes against him. Ok the one who didn't get the job as vice CEO was probably one vote but who else? Was it a butterfly ballot with dangling punch outs? Who did they want? The self proposed vice chairman?
     
  2. yobigd20

    yobigd20 Well-Known Member

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    I didn't understand what this vote was for. Can someone explain it in idiots terms for me? I don't like all the political mumbo jumbo lol
     
  3. evme

    evme Member

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  4. Chickenlittle

    Chickenlittle Active Member

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  5. uselesslogin

    uselesslogin Enthusiast

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    It says they were withheld not against. Do you know what the difference is?
     
  6. Cosmacelf

    Cosmacelf Active Member

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    Withheld just means you didn't vote on that issue. I could be wrong, but I suspect between Elon, JB, and the other early employees and board members and big shareholders (like Mercedes, Toyota), they pretty much have 50% of the votes anyways....
     
  7. uselesslogin

    uselesslogin Enthusiast

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    OK, and it makes sense now that I look at the voting form again. Sorry I did not vote my shares. I didn't realize the only options were "for" and "withhold."
     
  8. NigelM

    NigelM Recovering Member

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    Actually it's a little more complicated than that. In the case of an unopposed election the candidate only needs one vote to win so there's no point in voting against a shareholder proposal; to "withhold" your vote is therefore the prescribed method of expressing your dissatisfaction with a candidate. It's very different from abstaining or not voting at all.

    Here's the SEC page on voting mechanics
     

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