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BusinessTechnology

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.

by Mason Drayton
BusinessGovernance

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.

by Darren Holt