ISS Challenges Tesla’s $1 Trillion Musk Compensation as Governance Concerns Mount
Proxy Advisor Raises Red Flags Over Unprecedented Pay Package Institutional Shareholder Services (ISS), one of the most influential proxy advisory…
Category: Governance
Proxy Advisory Firm ISS Recommends Against Musk’s Massive Tesla Compensation Package
Institutional Shareholder Services has recommended Tesla investors vote against Elon Musk’s unprecedented compensation package valued at over $1 trillion. The proxy firm expressed concerns about the award’s magnitude and lack of explicit requirements to ensure Musk focuses on Tesla amid his multiple ventures.
Proxy Advisor Opposes Musk’s Compensation Plan
Institutional Shareholder Services (ISS), a leading proxy voting advisory firm, has recommended Tesla shareholders reject CEO Elon Musk’s proposed compensation package, reportedly valued at approximately $1 trillion, according to recent reports. This marks the second consecutive year that ISS has urged investors to vote against a pay package for Musk, with the firm citing “unmitigated concerns” about the plan’s scale and structure.
Proxy Advisor ISS Urges Tesla Investors to Reject Musk’s Massive Compensation Package
Leading proxy advisor ISS has recommended Tesla investors reject CEO Elon Musk’s proposed compensation package that could grant him up to $1 trillion in additional stock. The advisory firm cited concerns about the award’s “astronomical” size and design despite acknowledging the ambitious performance targets.
Proxy Advisor Opposes Musk’s Compensation Plan
Institutional Shareholder Services (ISS), one of the most influential proxy voting advisory firms, has recommended that Tesla investors vote against a compensation package for CEO Elon Musk that could reportedly be worth nearly $1 trillion, according to analysis published Friday. The recommendation comes ahead of Tesla’s scheduled November 5 annual shareholder meeting and proxy vote.