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ISS recommends votes against 2018 pay plan of Tesla CEO Elon Musk

05/30/2024

Less than a minute

2024.05.30 22:20

© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) – Institutional Shareholder Services recommended investors vote against ratifying the pay plan of Tesla (NASDAQ:) CEO Elon Musk at the electric carmaker’s June 13 annual meeting, calling the award value “outsized.”

In a report sent by a representative late on Thursday the proxy adviser also recommends votes against Tesla director James Murdoch, but recommended votes for director Kimbal Musk and for the company’s proposed move to change its state of incorporation to Texas from Delaware.

05/30/2024

Less than a minute

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