Musk's vision for Tesla is bound up in AI technology, but also in submitting to his influence.
(Reuters) -Top proxy advisory firm ISS recommended Tesla shareholders vote against ratifying CEO Elon Musk's $56 billion pay package, calling the compensation excessive in a rejection of the plan set by the electric vehicle maker's board. In a report sent by a representative late on Thursday, Institutional Shareholder Services (ISS) also recommended a vote against Tesla director James Murdoch, but backed votes for director Kimbal Musk, Elon Musk's brother, and for the company's proposed move to change its state of incorporation to Texas from Delaware.
Investors will vote on whether to approve the pay package at the company’s annual meeting in June.