Top proxy advisor ISS recommends against Elon Musk's $56 billion Tesla pay package
Publishing timestamp: 2024-05-31 13:05:34
Summary
Top proxy advisor ISS recommends Tesla shareholders vote against CEO Elon Musk's $56 billion pay package and withhold support for James Murdoch. ISS also supports declassification of Tesla's board. Musk's pay package has faced criticism for being excessive and not aligning with Tesla shareholders' interests. Institutional shareholders like BlackRock and Vanguard do not always vote with ISS recommendations.
Sentiment: MIXED
Keywords: business news, breaking news, news corp class a, breaking news: business, tesla inc, autos, elon musk, activism, business, mergers and acquisitions,
Source: https://www.cnbc.com/2024/05/31/elon-musk-tesla-tsla-pay-package-shareholders.html