Tag: Chief executive officer

BusinessTechnology

Tesla Shareholders Face Critical Vote on Musk’s $1 Trillion Compensation Package Amid ISS Opposition

Tesla’s board faces mounting pressure as proxy adviser ISS recommends shareholders vote against Elon Musk’s record $1 trillion compensation plan. The recommendation comes ahead of a crucial November 6 shareholder meeting where the controversial package will be decided.

Major Proxy Adviser Opposes Musk’s Compensation Plan

Tesla’s proposed $1 trillion compensation package for CEO Elon Musk is facing significant opposition from influential proxy adviser Institutional Shareholder Services, according to recent reports. Sources indicate this marks the second consecutive year that ISS has urged investors to reject a compensation plan for Musk, creating substantial pressure ahead of Tesla’s November 6 shareholder meeting.

by Sarah Collins
BusinessEntertainment

Salesforce CEO Marc Benioff Bets on Human Sales Force Despite AI Push, Plans to Hire Thousands

Despite Salesforce’s heavy investment in AI, CEO Marc Benioff asserts that human salespeople are irreplaceable. The company is reportedly hiring thousands of new account executives, aiming to grow its sales force significantly. Benioff highlights the importance of face-to-face communication and human touch in sales.

Salesforce Continues Hiring Spree for Sales Roles

In a notable stance on artificial intelligence’s role in the workforce, Marc Benioff, CEO of Salesforce, has stated that the company is aggressively hiring sales personnel, with plans to expand its team to 20,000 account executives. According to reports, Benioff emphasized that AI will not replace human salespeople, citing the irreplaceable value of personal interaction. This move comes amid a broader industry trend where many companies are integrating AI into their operations, yet Salesforce is doubling down on human talent in sales roles.

by Darren Holt
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