Proxy Adviser Warns Against Musk's Pay Deal and Texas Move

Saturday, 25 May 2024, 21:41

Proxy adviser Glass Lewis is recommending Tesla investors to vote against Elon Musk's $56 billion pay package for 2018, deeming it as excessive. Additionally, Glass Lewis has flagged concerns over Tesla's proposed corporate relocation to Texas, citing risks associated with the move. The advisory firm's position underscores growing scrutiny on executive compensation practices and strategic decisions at Tesla.
LivaRava Finance Meta Image
Proxy Adviser Warns Against Musk's Pay Deal and Texas Move

Proxy Adviser's Warning

Proxy adviser Glass Lewis has advised Tesla investors to vote against Elon Musk's $56 billion pay package for 2018, describing it as excessive and potentially risky. Glass Lewis has also raised concerns over Tesla's proposed reincorporation in Texas.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe