Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'
Portfolio Pulse from Bibhu Pattnaik
Elon Musk is urging Tesla shareholders to vote on their shares, offering a tour of Tesla's Texas facility as an incentive. This comes as the board seeks approval for Musk's $56 billion compensation package. Musk criticized the influence of proxy advisory firms ISS and Glass Lewis, and highlighted the challenges shareholders face in voting due to institutional complications.
June 09, 2024 | 3:58 pm
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Elon Musk is urging Tesla shareholders to vote on their shares, offering a tour of Tesla's Texas facility as an incentive. This comes as the board seeks approval for Musk's $56 billion compensation package. Musk criticized the influence of proxy advisory firms ISS and Glass Lewis, and highlighted the challenges shareholders face in voting due to institutional complications.
Musk's call to action and the incentive of a tour could increase shareholder participation, potentially leading to the approval of his compensation package. This could positively impact Tesla's stock price in the short term as it shows strong leadership and shareholder engagement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100