New York CNN —
Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects.
On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the package was first approved in 2018.
While recognizing Tesla’s growth and profitability, ISS said Musk’s pay package — first approved in 2018 and thrown out by a judge in January — “was considered outsized from the start” and has “failed to accomplish certain of the
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