Siemens said on Wednesday it would cut its 35 billion euro ($41 billion) stake in medical products maker Siemens Healthineers by giving shares in the medical equipment maker to its own shareholders.

Cracker Barrel faces proxy fight as activist investor claims company's rebranding "fiasco" destroyed $1.2 billion in shareholder value amid leadership controversy.

The vote comes after a top shareholder, Norway's sovereign wealth fund, said it would vote against the pay package.

Tesla's board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history. Shareholders will vote Thursday on the stark choice presented by the board: pay Musk up to $878 billion in company stock or take the risk he will leave – potentially driving down the company’s stock.

The world’s richest man was just handed a chance to become history’s first trillionaire. Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next decade.

Supporters have said the nearly $1 trillion package benefits shareholders, as Musk must ensure Tesla hits a series of milestones to get paid.

Tesla shareholders have approved a pay package for Elon Musk that could allow him to earn an unprecedented one trillion dollars' worth of stock.