Tesla Shareholders Should Reject Musk Pay Plan, ISS Advises (2)

Tesla Inc. shareholders are being urged by proxy adviser Institutional Shareholder Services to vote against Chief Executive Officer Elon Musk’s $1 trillion compensation plan, adding a potential obstacle as the board works to rally investor support.

This marks the second year in a row that ISS urged shareholders to vote against a pay package for Musk.

Musk oversees an overlapping empire of five companies: Tesla, SpaceX, xAI, Neuralink and the Boring Company.

“Although one of the main reasons for this award is to retain Musk and keep his time and attention on Tesla instead of his other business ventures, ...