Proxy advisor urges Tesla shareholders to oppose Musk's $1 tn pay package
Proxy advisor Institutional Shareholder Services is recommending Tesla investors vote against a pay plan for CEO Elon Musk that would grant him nearly $1 trillion more in stock. "Pay package locks in extraordinarily high pay opportunities…and reduces…board's ability to meaningfully adjust future pay levels," it said. The pay package, if approved, would be largest ever package for a company chief.