Prominent proxy advisory firm Glass Lewis aired concerns about the 'excessive size' of Musk's pay deal.
Tesla shareholders should reject CEO Elon Musk 's $56 billion pay package, according to proxy advisory firm Glass Lewis, which singled out the 'excessive size' of the deal and its potentially negative impact on smaller shareholders.
The proxy advisory firm also noted that Musk is well compensated through his current 12.9% ownership of Tesla, a stake that is valued at about $74 billion, according to the Bloomberg Billionaires Index. Musk doesn't receive a salary from Tesla, but Glass Lewis noted that his shares in the company mean that his interests are already aligned with that of the business.
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