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Elon Musk calls ISS and Glass Lewis "corporate terrorists" for opposing his $1T Tesla pay plan, which could boost his stake to nearly 29%.
Elon Musk has labeled proxy advisory firms ISS and Glass Lewis "corporate terrorists," accusing them of undermining shareholder governance by opposing his proposed $1 trillion Tesla compensation package.
He argues their influence is disproportionate, as passive index funds rely on them to vote shares they don’t own, often based on ideological rather than financial considerations.
The plan, set for a November 6 shareholder vote, aims to increase Musk’s stake from 13% to nearly 29% through performance-based stock options tied to ambitious AI and robotics goals.
Musk claims the firms’ past recommendations have harmed Tesla and warned that rejecting the package could lead him to reduce or exit his role, raising concerns about executive overreach and corporate accountability.
Elon Musk llama a ISS y Glass Lewis "terroristas corporativos" por oponerse a su plan de pago de $ 1T de Tesla, que podría aumentar su participación a casi el 29%.