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Tesla pay plan faces pushback as ISS urges vote against Musk's $1 trillion package
ISS warns Musk's pay plan could grant him 25% ownership and voting control if Tesla hits $8.5 trillion market value, urging shareholders to reject it.
- Top proxy advisor Institutional Shareholder Services is recommending that Tesla investors vote against a pay plan for CEO Elon Musk that would grant him nearly $1 trillion more in stock.
- Tesla disagreed with the ISS recommendations and urged shareholders to vote with the board's recommendations on all proposals on the 2025 proxy.
- The Delaware Court of Chancery ruled last year that Musk's 2018 CEO pay package was improperly granted and must be rescinded, a decision Musk has appealed.
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28 Articles
28 Articles
Proxy adviser ISS urges Tesla shareholders to reject Elon Musk's $1 trillion pay package ahead of Nov 6 vote
Proxy adviser Institutional Shareholder Services has advised Tesla shareholders to oppose the EV maker board's proposed $1 trillion pay package for Elon Musk, citing concerns over its magnitude and amid questions over the billionaire's focus on Tesla.
·New Delhi, India
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Coverage Details
Total News Sources28
Leaning Left3Leaning Right3Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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