Shareholders Urged to Reject Musk's $56B Tesla Pay Package
Tesla shareholders are being urged by proxy advisory firm Glass Lewis to reject the reinstatement of Elon Musk's $56 billion pay package, which was voided earlier this year by a Delaware judge. The advisory firm cited the excessive size of the package, Musk's numerous other commitments, and the concentration of company ownership as reasons for their recommendation. Tesla's board argues that Musk deserves the package due to the company's significant growth and achievements under his leadership. Shareholders are also set to vote on changing Tesla's state of incorporation from Delaware to Texas.
