Prominent proxy advisory firm Glass Lewis aired concerns about the 'excessive size' of Musk's pay deal.
Tesla shareholders should reject CEO Elon Musk 's $56 billion pay package, according to proxy advisory firm Glass Lewis, which singled out the 'excessive size' of the deal and its potentially negative impact on smaller shareholders.
The proxy advisory firm also noted that Musk is well compensated through his current 12.9% ownership of Tesla, a stake that is valued at about $74 billion, according to the Bloomberg Billionaires Index. Musk doesn't receive a salary from Tesla, but Glass Lewis noted that his shares in the company mean that his interests are already aligned with that of the business.
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.
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 »
Tesla Shareholders Urge Investors to Reject Musk’s $56 Billion Pay PackageSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Tesla Is Going All-Out To Convince Shareholders To Approve Musk's $56 Billion PayToday on Critical Materials: Tesla pushes for Musk's big pay day, insiders recall details of Supercharging team's dismissal, and Cruise reaches a settlement.
Read more »
Tesla shareholders urged to nix Elon Musk's $56B pay packageTesla shareholders are being urged by a proxy advisory firm to oppose the reinstatement of CEO Elon Musk's $56 billion pay package after it was voided by a judge earlier this year.
Read more »