fromBusiness Insider
18 hours agoA second major proxy firm told investors to reject Elon Musk's $1 trillion Tesla pay deal
Glass Lewis's 90-page report, reviewed by Business Insider, calls the package "excessively dilutive," estimating that, if fully exercised, it could cut existing shareholders' ownership by about 11.3%. The firm valued the deal at $141.6 billion - far above Tesla's own $87.8 billion estimate - and said Musk could reap "billions in compensation and a materially increased ownership stake" even if he hits just one of the 12 performance tranches.
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