Reported 4 months ago
Influential advisory firms, ISS and Glass Lewis, are advising Tesla shareholders to reject Elon Musk's $51 billion pay package, citing concerns about excessive compensation and Musk's focus on side projects outside of Tesla. ISS criticized the package for being outsized and failing to align Musk's attention with Tesla's operations. The warning comes ahead of Tesla's annual shareholder meeting on June 13, where the 2018 pay package will be up for revote, along with a proposal to move the company's headquarters to Texas from Delaware.
Source: YAHOO