ISS is the second proxy advisory firm to recommend that shareholders vote against Musk’s high salary in recent weeks
ISS, a top proxy advisory firm, recommended Tesla shareholders vote against ratifying CEO Elon Musk’s $56bn pay package, calling the compensation excessive in a rejection of the plan set by the electric vehicle maker’s board.
In a report sent late on Thursday, Institutional Shareholder Services also recommended a vote against the Tesla director James Murdoch, but backed votes for director Kimbal Musk, Elon Musk’s brother, and for the company’s proposed move to change its state of incorporation to Texas from Delaware.
About Author
More Stories
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
Qantas posts $1.39bn profit as holidaymakers flock to Jetstar
‘They’ve lost my trust’: consumers shun companies as bosses kowtow to Trump