Top proxy firm recommends against Elon Musk’s Tesla pay package ...Middle East

Another top proxy firm is urging Tesla shareholders to vote against Elon Musk’s multibillion-dollar pay package. In a report, Institutional Shareholder Services said Musk’s pay package was excessive and “outsized from the start.” The opposition follows a similar recommendation days ago from proxy firm Glass Lewis. Tesla shareholders in 2018 approved Musk’s compensation but a Delaware court struck it down in January, saying the approval process had been deeply flawed. Shareholders on June 13 are set to revote on the pay package, once valued as high as $55.8 billion. The automaker has been trying to persuade shareholders to approve the compensation. ISS said it was

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Top proxy firm recommends against Elon Musk’s Tesla pay package ...Middle East

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