Shareholder Compensation
Critics challenge Elon Musk's potential $1 trillion Tesla pay package
Proxy advisory firm Institutional Shareholder Services has urged Tesla shareholders to reject a compensation plan that could award Elon Musk over $1 trillion in shares over the next decade. The plan, set for a vote on November 6, aims to retain Musk's focus on Tesla but lacks mechanisms to ensure his attention amid his other ventures. Opponents argue it dilutes shareholder value and features vaguely defined goals.