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Nikola: Shareholders Reject Executive Pay Proposal

Stock Market Quotes and News

BERKELEY, California (Reuters) - Shareholders of Nikola Corp have voted against a proposal to approve compensation paid to its "named executive officers," including $159.2 million to founder and former executive chairman Trevor R. Milton, the electric truck maker said on Tuesday. The decision, although non-binding, illustrates shareholders' discontent about Nikola, once a high-flying company whose shares tanked over 80% from its peak partly due to ongoing probes by regulators and prosecutors...

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