Top proxy advisor Institutional Shareholder Services on Friday recommended that Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package
Top proxy advisor Institutional Shareholder Services on Friday recommended that Tesla shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package.Elon Musk attends the 2024 Breakthrough Prize Ceremony at Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California.shareholders vote against the re-approval of CEO Elon Musk's $56 billion pay package and withhold their support from the re-election of News Corp.
The report, a copy of which was obtained by CNBC, comes after the other influential proxy advisor service, Glass Lewis, also recommended shareholders vote against Musk's pay package. Tesla's board is seeking shareholder approval to reinstate Musk's pay after a Delaware court voided the package earlier this year.
ISS said "cautionary" shareholder support was merited for Tesla's effort to reincorporate out of Delaware and into Texas, although the proxy advisor also warned that there are "some concerns" over how Tesla's board decided to reincorporate and over the "unknown" nature of Texas's business law framework.
Breaking News Activism Mergers And Acquisitions Business Tesla Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Blind With Rage After Analysts Recommend Rejecting His $56 Billion Pay PackageScience and Technology News and Videos
Read more »
Elon Musk Begs Tesla Shareholders to Vote for His $56 Billion Pay PackageScience and Technology News and Videos
Read more »
Tesla shareholders urged to reject Elon Musk's $56 billion pay packageProminent proxy advisory firm Glass Lewis aired concerns about the 'excessive size' of Musk's pay deal.
Read more »
Tesla board urges retail investors to back Elon Musk's $56 billion pay dealTesla's board is trying to woo its unusually large base of individual investors to endorse Chief Executive Officer Elon Musk’s $56 billion pay package.
Read more »
Tesla shareholders advised to reject Musk's $56 billion payProxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk.
Read more »
Tesla shareholders advised to reject Musk's $56 billion payTesla shareholders advised to reject Musk's $56 billion pay
Read more »