Category: Governance

BusinessGovernance

Proxy Advisor ISS Urges Tesla Investors to Block Musk’s $1 Trillion Compensation Plan

Institutional Shareholder Services has advised Tesla investors to vote against Elon Musk’s $1 trillion pay package, marking the second consecutive year of opposition. The proxy firm expressed concerns about the award’s magnitude and design, while Tesla defended the compensation plan as essential for retaining Musk’s focus.

Proxy Advisor Opposes Musk’s Compensation Package

Institutional Shareholder Services (ISS) has recommended that Tesla investors reject CEO Elon Musk’s proposed compensation package valued at approximately $1 trillion, according to reports. This marks the second consecutive year that the influential proxy advisory firm has urged shareholders to vote against a pay package for Musk, with the upcoming shareholder meeting scheduled for November 6.

by Natalie Brooks
BusinessGovernance

Tesla Shareholders Face Critical Vote on Musk’s Record Compensation Package Amid ISS Opposition

Tesla’s board faces mounting pressure as Institutional Shareholder Services recommends rejecting Elon Musk’s unprecedented compensation plan. The proposed package, potentially the largest in corporate history, comes before shareholders for a crucial November 6 vote amid ongoing governance debates.

Major Proxy Adviser Opposes Musk Compensation

Institutional Shareholder Services has reportedly urged Tesla investors to reject CEO Elon Musk’s proposed $1 trillion compensation package, marking the second consecutive year the influential proxy adviser has opposed the executive’s pay plan. According to reports, ISS expressed concerns about the “astronomical” size of the grant and potential dilution for existing shareholders.

by Sarah Collins