Proxy Advisory Firm ISS Opposes Musk’s $1T Tesla Pay Package
Institutional Shareholder Services (ISS), a influential proxy advisory firm, has recommended investors reject Elon Musk's proposed $1 trillion compensation package at Tesla. The firm cites concerns over Musk's divided attention among his multiple ventures and questions the pay plan's structure.
The controversial package, designed to tie Musk's compensation to ambitious performance targets, requires Tesla's market value to reach $8.5 trillion while expanding its robotics and autonomous vehicle businesses. Success WOULD increase Musk's ownership stake to 25% - a threshold he's suggested is necessary to keep his focus on Tesla.
Shareholders will decide the matter at Tesla's November 6 annual meeting. While ISS holds sway with institutional investors, the final decision rests with Tesla's ownership base. The outcome could significantly impact Tesla's strategic direction and Musk's role in shaping it.
