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Top Firms and Funds Oppose Elon Musk's Massive Tesla Pay Package

Originally Published 1 year ago — by CNBC

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Source: CNBC

Top proxy advisor ISS has recommended Tesla shareholders vote against reapproving CEO Elon Musk's $56 billion pay package and withholding support for James Murdoch's reelection to the board. This follows a similar recommendation from Glass Lewis. Tesla's board seeks shareholder approval to reinstate Musk's pay after a Delaware court voided it earlier this year. ISS also expressed concerns about Tesla's plans to reincorporate in Texas and supported some shareholder proposals opposed by Tesla management.