Most bosses are defeating shareholder attempts so far this year to tamp down their pay. The question now is whether Tesla CEO Elon Musk can do the same.
The stock market is at highs with Apple's AI push, the Fed rate "dot-plot" and the Tesla shareholder meeting headlining key events and news.
In May, two big shareholder advisory firms, ISS and Glass Lewis, recommended voting against the package. “While we appreciate the significant value generated under Mr. Musk’s leadership since the grant date in 2018, we remain concerned about the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk,” Norges Bank Investment Management said in a statement on its website. “We will continue to seek constructive dialogue with Tesla on this and other topics.”