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The Latest Breaking News from Glass Lewis

Elon Musk's Trillion-Dollar Pay Plan Receives Support From Florida Fund Holding $1 Billion In Tesla Stock

The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares. It also manages over…

Benzinga

Tesla board chair begs shareholders to green-light Elon Musk’s $1 trillion pay package, calling the upcoming vote a ‘critical inflection point’

Musk previously said he doesn’t want to “build a robot army here and then [be] ousted because of some asinine recommendations from ISS and Glass Lewis.”

Fortune

Jim Cramer Backs Elon Musk's $1 Trillion Package: 'Hate Him Or Like Him' He's 'Really Smart,' 'Actually Worth It' (CORRECTED)

Editor’s note: The story was corrected to attribute Elon Musk’s comments to the earnings call.

Benzinga

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Is Elon Musk's $1 Trillion Pay Package Worth It for His 'Robot Army' Vision?

Conflict erupted during Tesla Inc's Q3 Conference Call when Elon Musk insisted on his $1 trillion budget.

International Business Times UK

Elon Musk's Pay Plan Equals 2,000 Years of Nvidia CEO Salary — Not A Typo

There could be trouble ahead for Tesla Inc (NASDAQ:TSLA) as its shareholders meet on Nov. 6 to vote on the new pay package for CEO Elon Musk, with another group encouraging a vote against it.

Benzinga

With $1 trillion pay package on the line, Elon Musk blasts influential firms telling shareholders to reject it: ‘Those guys are corporate terrorists’

Musk also criticized the role of proxy advisory firms generally.

Fortune

Elon Musk's Robot Army Is Coming — If He Gets Total Control First

Elon Musk's third-quarter earnings call wasn't just about revenue growth — it was a declaration of intent. While Tesla Inc (NASDAQ:TSLA) reported $28.1 billion in quarterly sales, up from $25.2 billion a year ago, the real story was Musk's blueprint for the future: AI, autonomous robots, and total control over…

Benzinga

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Musk calls critics of his $1T salary ‘corporate terrorists’ and ponders the future of his ‘robot army’ in wild earnings call

World’s richest man lashes out over level of influence he’ll have over ‘robot army’ he says he is building

The Independent UK

Elon Musk Says Tesla Robotaxi Could Go Driverless In Austin By Year-End, Walks Back Major Promise

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk expects the company to remove the onboard safety operators from the EV giant's Robotaxi operations in Austin, Texas, by the end of the year.

Benzinga

Elon Musk Calls Proxy Advisor Firms Opposing His Trillion-Dollar Pay 'Corporate Terrorists,' Accuses Them Of Voting On 'Random Political Lines'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has broken his silence on the opposition of proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis to his $1 trillion CEO compensation award.

Benzinga

Tesla Board Chair Robyn Denholm Criticizes Proxy Advisors' 'One-Size-Fits-All' Approach To Elon Musk's $1 Trillion Pay Package

Tesla Inc. (NASDAQ:TSLA) Board of Directors Chair, Robyn Denholm, has criticized proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis for opposing CEO Elon Musk's new compensation award, which could make him a trillionaire.

Benzinga

Tesla Faces Backlash Over Elon Musk's $1 Trillion 'Biggest Pay Package in History'

Proxy advisers ISS and Glass Lewis urge Tesla shareholders to reject Elon Musk's $1 trillion compensation plan — the largest CEO pay package in history.

International Business Times UK

'It's a Win-Win for All of Us if Elon Succeeds': Cathie Wood Defends Tesla Chief's $1T Pay Package

Ark Invest founder Cathie Wood believes Elon Musk's $1 trillion pay package will comfortably secure shareholder approval in early November.

International Business Times UK

‘Sad, if not damning’: Cathie Wood blasts the proxy firms who say Elon Musk’s $1 trillion pay package is just too rich

“Index-based investing is a form of socialism. Our investment system is broken,” the longtime Tesla bull said, calling proxy firms “menaces to innovation.”

Fortune

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Benzinga

Wise Secures US Listing Approval, But Proxy Adviser Oversight Sparks Governance Concerns: Report

British fintech Wise Plc (OTC:WIZEY) secured shareholder approval this week for its controversial move to a U.S. primary listing, but the victory exposed significant shortcomings among proxy advisory firms that could concern institutional investors.

The Independent UK

JBS shareholders approve US stock listing despite pushback from environmental groups and others

Brazilian meat giant JBS has come a step closer to its long-held goal of trading its shares on the New York Stock Exchange

The Guardian - UK

Metro Bank risks backlash over £60m bonus scheme for chief executive

Shareholder advisory firms concerned long-term reward plan could pay out to bosses regardless of performance

Fortune

Larry Fink has BlackRock pay package targeted by proxy advisor

Fink’s compensation jumped 33% from $26.9 million to $36.7 million after a banner year in 2024.

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news in one place.

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The Guardian - UK

UK banks expected to win shareholder approval for big pay rises for bosses

Proxy advisory firms back plans for hikes in maximum payouts 18 months after removal of banker bonus cap

AAP

Rio Tinto pushes against 'destructive' listing change

Rio Tinto's board is at odds with a hedge fund shareholder over the value in the group's dual listings on Australian and London stock exchanges.

International Business Times UK

Complete List Of Everyone Against Elon Musk's $56B Pay Package And Why They're Voting 'No'

Tesla shareholders clash over Elon Musk's massive $56 billion pay plan. Retail investors hold the key vote on June 13.

International Business Times

Tesla Turns Up Charm Ahead Of Investor Vote On Huge Musk Pay Plan

Electric automaker Tesla has launched a charm offensive to try to coax shareholders to vote Thursday for billionaire CEO Elon Musk's giant pay package, after the windfall was nixed in court.

The Guardian - US

Tesla leads charge to defend Elon Musk’s $56bn pay package

After the deal was struck down in court in January, investors will be asked to endorse it again this week

Fortune

Tesla shareholders’ vote on Elon Musk’s record $56 billion pay deal could be his ‘last stand’ as CEO, experts warn

But massive support could further embolden Musk’s worst tendencies.

The Independent UK

Elon Musk sees another big advisory firm come out against his multibillion dollar pay package

A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge

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