Reported 4 months ago
As Tesla's shareholder meeting approaches, NYC Comptroller Brad Lander and other investors are urging against supporting Elon Musk's $46 billion stock options package, citing failed corporate governance and conflicts of interest involving Musk's brother and board members. Lander, managing $271 billion in assets, argues that Musk's pay is unreasonably large and insufficiently governed, with advisory firms recommending against it. Concerns also include Musk's distractions and Tesla facing challenges like global competition and labor disputes, highlighting the importance of an independent board overseeing Musk to safeguard investments across capital markets.
Source: YAHOO