Reported 4 months ago
Proxy advisory firm ISS has recommended that Tesla shareholders vote against ratifying CEO Elon Musk's $56 billion pay package, citing it as excessive. ISS also advised against voting for Tesla director James Murdoch but supported votes for director Kimbal Musk and the company's proposed move to change its state of incorporation to Texas from Delaware. The compensation plan, previously voided by a Delaware judge, is set to be voted on at Tesla's annual meeting on June 13. Tesla has defended Musk's pay package, stating that he is creating wealth for stockholders and has "skin in the game."
Source: YAHOO