Elon Musk has strongly criticized proxy advisory firms ISS and Glass Lewis for opposing his proposed $1 trillion Tesla compensation package. He argues these firms, which lack actual ownership, often vote based on political leanings rather than shareholder interests. Musk highlighted this issue affects many public companies, with passive index funds outsourcing their voting decisions.
Musk defends pay package: Slams proxy advisory firms; says they’ve no ‘ownership’
