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Elon Musk sees another big advisory firm come out against his multibillion dollar pay package
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FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. Musk arrived in Indonesia’s resort island of Bali on Sunday, May 19, 2024, to launch Starlink satellite internet service in the world’s largest archipelago nation. - photo by AP Photo/Susan Walsh, File
DETROIT (AP) — 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. ISS late Thursday joined Glass Lewis in recommending against the package, recently valued by the company at $44.9 billion but in January had a value of about $56 billion. Shareholders of the electric vehicle and solar panel company are voting on the package, with the results to be tabulated at Tesla's June 13 annual meeting.