The opposition from ISS centers on the nature and scale of the compensation structure. This package, which is contingent upon Tesla reaching a colossal market cap of $8.5 trillion, mirrors Musk’s previous 2018 compensation plan but expands the financial targets even further. Critics, including ISS, worry that it may empower Musk excessively, potentially influencing Tesla’s governance by elevating his stake in the company significantly if all criteria are met. As detailed in TechBuzz’s coverage, this plan has provoked debates not only about fairness and proportionality in executive compensation but also about the broader implications for corporate governance.
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