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The Latest Breaking News from Glass Lewis

Special session recap: 2026 state ESG legislation

In this week’s edition of Economy and Society:

Ballotpedia

Texas sues Glass Lewis over proxy advice disclosures

Texas Attorney General Ken Paxton (R) sued Glass Lewis in Texas District Court for Collin County on July 29, 2026, alleging deceptive trade practices. Glass Lewis is a San Francisco-based proxy advisory firm that advises institutional investors how to vote at corporate shareholder meetings.

Ballotpedia

Large pension funds oppose SEC climate rule rescission

In this week’s edition of Economy and Society:

Ballotpedia

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Federal courts block proxy advisor disclosure laws in Kansas and Indiana

Federal judges struck down state proxy advisor disclosure laws in Kansas and Indiana within four days of each other in late June 2026, handing Institutional Shareholder Services (ISS) and Glass Lewis their second and third consecutive court victories against such laws.

Ballotpedia

California delays first emissions reporting deadline to November

In this week’s edition of Economy and Society:

Ballotpedia

Texas, Nebraska, Iowa, West Virginia sue ISS over ESG disclosures

Four Republican state attorneys general filed lawsuits on May 20, 2026, against Institutional Shareholder Services (ISS), accusing the proxy advisory firm of violating state consumer protection laws by failing to disclose that its voting recommendations prioritize environmental, social, and governance (ESG) policies over clients' financial interests.

Ballotpedia

Texas Stock Exchange CEO: exchanges can build on Exxon's retail model to rein in proxy advisors

Exxon empowered retail to beat the proxy duopoly and secure its move to Texas. The Texas Stock Exchange is scaling that strategy for all issuers.

Fortune

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Texas, Nebraska, Iowa, West Virginia sue ISS over ESG disclosures

In this week’s edition of Economy and Society:

Ballotpedia

Advisers urge JP Morgan investors to vote to split chair and CEO positions

SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

The Guardian - UK

BP board suffers triple climate rebellion from shareholders

More than 50% of voters at first AGM under new leadership oppose plans to scrap climate reporting

The Guardian - UK

BP facing tense clash over climate transparency and shareholder rights at AGM

The oil major could face investor dissent on several fronts during the meeting at its Sunbury-on-Thames hub in Surrey.

Evening Standard

BP shareholders advised to vote against chair over climate resolution exclusion

Glass Lewis says blocking of proposal to share company’s longer-term strategy at AGM raises transparency issues

The Guardian - UK

Canadian billionaire Stephen Smith buys 27% stake in the Economist

Weekly news magazine’s parent company makes third significant ownership shake-up in its 183-year history

The Guardian - UK

Tesla’s vote wasn’t about pay. It was about who really runs the company

At Tesla’s 2025 Annual Meeting, investors chose to evaluate strategy, incentives, and governance on their own terms.

Fortune

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Fortune

Jamie Dimon's bombshell on proxy advisory delivers a body blow to the firms he called 'incompetent'

In a break that shapes the architecture of shareholder power, JPMorgan Asset Management severed all ties this week with ISS and Glass Lewis.

Fortune

The Trump administration gets it right on limiting the power of proxy advisory firms such as ISS and Glass Lewis

For decades, far before it became popular, we've been vocally questioning the credibility of proxy advisory firms. Jamie Dimon and Elon Musk more recently.

The Guardian - US

How Tesla shareholders put Elon Musk on path to be world’s first trillionaire

A staggering compensation package has been approved – but what does Musk have to do to reap the full rewards?

International Business Times

Elon Musk's $1 Trillion Tesla Pay Proposal Hits Resistance from Norway's Mega Fund

Norway's $2 trillion wealth fund opposes Elon Musk's $1 trillion Tesla pay plan, citing concerns over its size and shareholder impact.

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Benzinga

Ross Gerber Says TSLA Stock Dilution Would Be Equivalent To $275 Million/Day If Elon Musk's Pay Package Passes

Investment firm Gerber Kawasaki's co-founder Ross Gerber says that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's trillion-dollar pay package would dilute the company's share value.

Benzinga

Elon Musk's Trillion-Dollar Pay Plan Receives Support From Florida Fund Holding $1 Billion In Tesla Stock

The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares. It also manages over…

Fortune

Tesla board chair begs shareholders to green-light Elon Musk’s $1 trillion pay package, calling the upcoming vote a ‘critical inflection point’

Musk previously said he doesn’t want to “build a robot army here and then [be] ousted because of some asinine recommendations from ISS and Glass Lewis.”

Benzinga

Jim Cramer Backs Elon Musk's $1 Trillion Package: 'Hate Him Or Like Him' He's 'Really Smart,' 'Actually Worth It' (CORRECTED)

Editor’s note: The story was corrected to attribute Elon Musk’s comments to the earnings call.

International Business Times UK

Is Elon Musk's $1 Trillion Pay Package Worth It for His 'Robot Army' Vision?

Conflict erupted during Tesla Inc's Q3 Conference Call when Elon Musk insisted on his $1 trillion budget.

Benzinga

Elon Musk's Pay Plan Equals 2,000 Years of Nvidia CEO Salary — Not A Typo

There could be trouble ahead for Tesla Inc (NASDAQ:TSLA) as its shareholders meet on Nov. 6 to vote on the new pay package for CEO Elon Musk, with another group encouraging a vote against it.

Fortune

With $1 trillion pay package on the line, Elon Musk blasts influential firms telling shareholders to reject it: ‘Those guys are corporate terrorists’

Musk also criticized the role of proxy advisory firms generally.

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