Second Proxy Advisory Firm Urges Tesla Investors to Reject Musk’s $1 Trillion Compensation Package
A second major proxy advisory firm has recommended Tesla shareholders vote against Elon Musk’s $1 trillion compensation package. Glass Lewis & Co. warns the deal could dilute existing shareholders by over 11% while granting Musk unprecedented rewards.
Major Proxy Firm Opposition Grows
A second influential proxy advisory firm has recommended Tesla investors reject CEO Elon Musk’s proposed $1 trillion compensation package, according to reports reviewed by Business Insider. Glass Lewis & Co. has joined Institutional Shareholder Services (ISS) in opposing the deal ahead of Tesla’s November 6 annual meeting, creating significant headwinds for the controversial pay package.