Tesla Board Battles Proxy Advisors Over Musk’s Historic Compensation Package
The Proxy Advisory Standoff Institutional Shareholder Services (ISS), one of the most influential proxy advisory firms, has recommended Tesla shareholders…
Category: Governance
ISS Challenges Tesla’s Unprecedented Compensation Strategy Amid Governance Concerns
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Proxy Advisory Firm Recommends Tesla Shareholders Reject Musk’s $1 Trillion Compensation Proposal
A leading proxy advisory firm has recommended Tesla shareholders reject Elon Musk’s proposed $1 trillion compensation package, citing concerns about its “astronomical” size and lack of binding commitments. The recommendation comes ahead of Tesla’s November 6 annual meeting where investors will vote on the unprecedented award structure.
Proxy Adviser Opposes Musk’s Compensation Plan
Institutional Shareholder Services, a prominent proxy advisory firm, has recommended that Tesla investors vote against Elon Musk’s proposed $1 trillion compensation package, according to reports released Friday. The firm cited the “striking magnitude” of the award and expressed concerns about its structure.