Proxy Advisory Firm Recommends Voting Against Tesla CEO Elon Musk's $56bn Pay Package
Friday, 31 May 2024, 09:08
Proxy advisory firm ISS recommendation
A proxy advisory firm ISS has advised against Tesla CEO Elon Musk's proposed $56bn pay package. The firm argued that the compensation is not in line with shareholder interests and might signal poor governance.
Concerns raised
- The compensation package of $56bn for Elon Musk raises concerns about governance and accountability.
- Proxy advisory firm ISS noted that the proposed compensation is excessive and not aligned with shareholder interests.
- The recommendation highlights the importance of shareholders in holding executives accountable for their pay.
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.