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
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Porsche reports steep fall in orders from Europe and China
Trump confirms 104% tariffs on Chinese goods as part of unfolding global trade war