Reported 4 months ago
Tesla issued a strong rebuttal to proxy-advisory firm Glass Lewis, urging shareholders to vote in favor of CEO Elon Musk's $46 billion pay package at the upcoming June 13 annual meeting. In a letter titled 'What Glass Lewis Got Wrong About Tesla,' Tesla criticized the firm for omitting key considerations and relying on faulty logic and speculation. The company emphasized its commitment to Musk and the importance of shareholder value creation, dismissing concerns raised by Glass Lewis about the pay package diluting existing holdings and concentrating Musk's ownership.
Source: YAHOO