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Fortune

Lila MacLellan

Tesla, JPMorgan, and Meta are among companies that face ‘key-person’ risk

Meta Tesla Inc. JPMorgan Elon Musk Jamie Dimon Mark Zuckerberg

A photo illustration with a portrait of three CEOs: Mark Zuckerberg, Jamie Dimon, and Elon Musk. (Credit: Zuckerberg: Courtesy of META; Dimon: Tom Williams—AP Images; Musk: Theo Wargo—Getty Images)

Tesla's directors ought to be fixing for a showdown or two at this year's annual meeting, scheduled for mid-May. One investor plans to make a board seat bid, while an Iceland-based shareholder is proposing that the board create and maintain a key-person risk report about CEO Elon Musk.

That shareholder wants the board to reassess the company’s dependence on Musk’s leadership since he appears to be distracted—to put it mildly—by his day job as Twitter CEO. (Musk is also the chief executive at SpaceX.)

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