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International Business Times UK

Vinay Patel

Tesla Board Urged To Reject The 'Largest Possible Pay Package For A CEO In Corporate America'

Elon Musk Tesla Inc. Kimbal Musk Glass Lewis Robyn Denholm Delaware X

Tesla shareholders to vote on Musk's pay package again, rejected by court earlier. Proxy advisor Glass Lewis recommends against it. (Credit: Wikimedia Commons)

Proxy advisory firm Glass Lewis urged Tesla shareholders on Saturday to reject a record-breaking $56 billion pay package for CEO Elon Musk.

Glass Lewis' report criticised the pay package for its excessive size, potential to dilute shareholder ownership upon stock option exercise, and the concentration of power it would grant Musk.

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