Shareholder advisory group Institutional Shareholder Services has thrown its weight behind opposition to Elon Musk’s record-breaking $2.6bn compensation package, two weeks before Tesla shareholders are due to vote on the proposal.
ISS on Thursday said that flaws in the design of the 10-year option award, along with its sheer size, “overshadow the underlying rationale” of giving Mr Musk an outsized incentive to turn the electric car and battery company into one of the world’s biggest companies.
The Tesla boss’s stock-based compensation “sets the new high-water mark for an individual equity incentive award at a US public company”, it said.
您已阅读31%（643字），剩余69%（1446字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。