Tesla (TSLA) shareholders are being urged by proxy adviser Glass Lewis to vote against CEO Elon Musk’s $1T compensation package, stating that the potential dilution to shareholders and other terms of the proposed pay plan “warrant significant concern.” The firm, which made the recommendation as part of wider voter guidance issued ahead of Tesla’s annual shareholders meeting on November 6, echoed recommendations from proxy firm Institutional Shareholder Services, which also urged shareholders to vote against the plan.
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