Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package

Dow Jones05-28

Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.

Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.

Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.

Tesla didn’t immediately respond to a request for comment about the recommendation.

A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.

Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.

A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.

Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.

It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.

Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.

The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.

Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.

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Comments

Boybabyrage
05-28
Boybabyrage
This news definitely has an impact on Tesla stock overall. However, Musk is a smart ass guy who knows his stuff when it comes to business, set aside his arrogance and fool-around habit. I think Tesla will continue to grow. $Tesla Motors(TSLA)$
- Dr Rck:
  So that means TSLA may not grow as well as he promised because of xAI? Which means investors may see dwindling potential …
- Boybabyrage:
  Yes, 💯 . Most of the big companies are competing for the AI markets. I would say it's a race on who can come up with a better solution. The winner will definitely boost the company's reputation, especially the stock price. $NVIDIA Corp(NVDA)$ is a good example here.
- Dr Rck:
  Do tou think he will put more focus on xAI more so than TSLA now that xAI has a pretty healthy vsluation of $24 bn to begin with?
AlanTLK
05-28
AlanTLK
#FUKdowjones
Monkseal
05-28
Monkseal
Give that sum to that extraordinary man! It's his anyway and he runs the show nobody else can. Else try giving that sum to another Tom Dick or Harry and you see the value of the company lose everything overnight? Don't be Penny Wise Pound Foolish!
L N Ramesh
05-28
L N Ramesh
Share your opinion about this news…

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The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. 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2018.Tesla didn’t immediately respond to a request for comment about the recommendation.A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":310874680078456,"gmtCreate":1716902664879,"gmtModify":1716904517423,"author":{"id":"4178332581629092","authorId":"4178332581629092","authorIdStr":"4178332581629092","name":"Boybabyrage","avatar":"https://community-static.tradeup.com/news/5b59a07cca9804884b312ca8a7ac871d","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":7,"crmLevelSwitch":1,"idStr":"4178332581629092"},"htmlText":"This news definitely has an impact on Tesla stock overall. However, Musk is a smart ass guy who knows his stuff when it comes to business, set aside his arrogance and fool-around habit. I think Tesla will continue to grow. <a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"This news definitely has an impact on Tesla stock overall. However, Musk is a smart ass guy who knows his stuff when it comes to business, set aside his arrogance and fool-around habit. I think Tesla will continue to grow. <a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"This news definitely has an impact on Tesla stock overall. However, Musk is a smart ass guy who knows his stuff when it comes to business, set aside his arrogance and fool-around habit. I think Tesla will continue to grow. $Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":1,"link":"https://ttm.financial/post/310874680078456","repostId":2438200373,"repostType":4,"repost":{"id":"2438200373","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716903355,"share":"https://ttm.financial/m/news/2438200373?lang=&edition=fundamental","pubTime":"2024-05-28 21:35","market":"us","language":"en","title":"Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package","url":"https://stock-news.laohu8.com/highlight/detail?id=2438200373","media":"Dow Jones","summary":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge ","content":"<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-28 21:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4534":"瑞士信贷持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4581":"高盛持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2438200373","content_text":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.Tesla didn’t immediately respond to a request for comment about the recommendation.A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":311111171022880,"gmtCreate":1716960507835,"gmtModify":1716960512484,"authorId":3576157343730083,"author":{"id":3576157343730083,"authorId":3576157343730083,"name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.25","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":310874680078456,"type":1,"supId":310932391948424,"prevId":0,"content":"So that means TSLA may not grow as well as he promised because of xAI? Which means investors may see dwindling potential …","text":"So that means TSLA may not grow as well as he promised because of xAI? Which means investors may see dwindling potential …","html":"So that means TSLA may not grow as well as he promised because of xAI? Which means investors may see dwindling potential …"},{"id":311006425329824,"gmtCreate":1716934829320,"gmtModify":1716934834925,"authorId":4178332581629092,"author":{"id":4178332581629092,"authorId":4178332581629092,"name":"Boybabyrage","avatar":"https://community-static.tradeup.com/news/5b59a07cca9804884b312ca8a7ac871d","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":310874680078456,"type":1,"supId":310932391948424,"prevId":0,"content":"Yes, 💯 . Most of the big companies are competing for the AI markets. I would say it's a race on who can come up with a better solution. The winner will definitely boost the company's reputation, especially the stock price. <a href=\"https://ttm.financial/S/NVDA\"> $NVIDIA Corp(NVDA)$ </a>is a good example here.","text":"Yes, 💯 . Most of the big companies are competing for the AI markets. I would say it's a race on who can come up with a better solution. The winner will definitely boost the company's reputation, especially the stock price. <a href=\"https://ttm.financial/S/NVDA\"> $NVIDIA Corp(NVDA)$ </a>is a good example here.","html":"Yes, 💯 . Most of the big companies are competing for the AI markets. I would say it's a race on who can come up with a better solution. The winner will definitely boost the company's reputation, especially the stock price. <a href=\"https://ttm.financial/S/NVDA\"> $NVIDIA Corp(NVDA)$ </a>is a good example here."},{"id":310932391948424,"gmtCreate":1716916863359,"gmtModify":1716916868060,"authorId":3576157343730083,"author":{"id":3576157343730083,"authorId":3576157343730083,"name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.25","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":310874680078456,"type":1,"supId":0,"prevId":0,"content":"Do tou think he will put more focus on xAI more so than TSLA now that xAI has a pretty healthy vsluation of $24 bn to begin with?","text":"Do tou think he will put more focus on xAI more so than TSLA now that xAI has a pretty healthy vsluation of $24 bn to begin with?","html":"Do tou think he will put more focus on xAI more so than TSLA now that xAI has a pretty healthy vsluation of $24 bn to begin with?"}],"langContent":"EN"},{"id":310863655391424,"gmtCreate":1716900067391,"gmtModify":1716904441098,"author":{"id":"4090374759889920","authorId":"4090374759889920","authorIdStr":"4090374759889920","name":"AlanTLK","avatar":"https://community-static.tradeup.com/news/d8c804e09823389ba56fa2f288d76d11","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"4090374759889920"},"htmlText":"#FUKdowjones","listText":"#FUKdowjones","text":"#FUKdowjones","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310863655391424","repostId":2438200373,"repostType":2,"repost":{"id":"2438200373","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716903355,"share":"https://ttm.financial/m/news/2438200373?lang=&edition=fundamental","pubTime":"2024-05-28 21:35","market":"us","language":"en","title":"Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package","url":"https://stock-news.laohu8.com/highlight/detail?id=2438200373","media":"Dow Jones","summary":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge ","content":"<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-28 21:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4534":"瑞士信贷持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4581":"高盛持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2438200373","content_text":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.Tesla didn’t immediately respond to a request for comment about the recommendation.A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":310862215700600,"gmtCreate":1716899621818,"gmtModify":1716974196534,"author":{"id":"4087654469661740","authorId":"4087654469661740","authorIdStr":"4087654469661740","name":"Monkseal","avatar":"https://static.tigerbbs.com/6adb23b3789de4a4067c75aafce84464","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4087654469661740"},"htmlText":"Give that sum to that extraordinary man! It's his anyway and he runs the show nobody else can. Else try giving that sum to another Tom Dick or Harry and you see the value of the company lose everything overnight? Don't be Penny Wise Pound Foolish!","listText":"Give that sum to that extraordinary man! It's his anyway and he runs the show nobody else can. Else try giving that sum to another Tom Dick or Harry and you see the value of the company lose everything overnight? Don't be Penny Wise Pound Foolish!","text":"Give that sum to that extraordinary man! It's his anyway and he runs the show nobody else can. Else try giving that sum to another Tom Dick or Harry and you see the value of the company lose everything overnight? Don't be Penny Wise Pound Foolish!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310862215700600","repostId":2438200373,"repostType":2,"repost":{"id":"2438200373","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716903355,"share":"https://ttm.financial/m/news/2438200373?lang=&edition=fundamental","pubTime":"2024-05-28 21:35","market":"us","language":"en","title":"Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package","url":"https://stock-news.laohu8.com/highlight/detail?id=2438200373","media":"Dow Jones","summary":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge ","content":"<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-28 21:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4534":"瑞士信贷持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4581":"高盛持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2438200373","content_text":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.Tesla didn’t immediately respond to a request for comment about the recommendation.A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":310861934936072,"gmtCreate":1716899552128,"gmtModify":1716899555295,"author":{"id":"4096514301867030","authorId":"4096514301867030","authorIdStr":"4096514301867030","name":"L N Ramesh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"4096514301867030"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310861934936072","repostId":2438200373,"repostType":2,"repost":{"id":"2438200373","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1716903355,"share":"https://ttm.financial/m/news/2438200373?lang=&edition=fundamental","pubTime":"2024-05-28 21:35","market":"us","language":"en","title":"Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package","url":"https://stock-news.laohu8.com/highlight/detail?id=2438200373","media":"Dow Jones","summary":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge ","content":"<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Drops 3% as Glass Lewis Urges Shareholders to Reject Musk Pay Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-28 21:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ec6ec8faeccdb6ea931a3a076f1f13bc\" title=\"Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.\" tg-width=\"951\" tg-height=\"632\"/><span>Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.</span></p><p style=\"text-align: start;\">Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.</p><p style=\"text-align: start;\">Tesla didn’t immediately respond to a request for comment about the recommendation.</p><p>A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.</p><p>Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.</p><p>A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.</p><p>Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/92280c9f1b4b73025af4ed2bcbbfcaf3\" tg-width=\"849\" tg-height=\"621\"/></p><p>It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.</p><p>Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.</p><p>The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.</p><p>Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4585":"ETF&股票定投概念","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4534":"瑞士信贷持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4527":"明星科技股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4551":"寇图资本持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4581":"高盛持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2438200373","content_text":"Proxy advisory firm Glass Lewis added some drama to the coming Tesla annual shareholder meeting.Tesla’s board is asking shareholders to reauthorize CEO Elon Musk’s compensation after a Delaware judge voided a 2018 pay package in January.Over the weekend, Glass Lewis recommended that shareholders reject a proposal to reinstate CEO Elon Musk’s pay package worth some $56 billion when it was awarded in 2018.Tesla didn’t immediately respond to a request for comment about the recommendation.A Delaware court voided the package in January after a judge decided Tesla’s board didn’t adequately disclose potential conflicts of interest between Musk and the board. The package awarded Musk some 300 million options that vested based on hitting performance milestones.Tesla’s board simply put the old pay package up for a new vote with additional disclosures. The issue will be decided at the company’s shareholder meeting on June 13.A ‘no’ vote would send the board back to the compensation drawing board and potentially irritate Musk who has said he wants 25% voting control of Tesla stock to keep artificial intelligence projects inside the car company. With the 2018 pay package options, Musk has close to 20% voting control of Tesla stock.Tesla stock is down 3.2% to $173.56 in morning trading Tuesday.It’s a small move partly because the recommendation isn’t a surprise. Both ISS and Glass Lewis recommended voting against the pay package in 2018. The reasons also aren’t that surprising. The pay is an outlier in corporate America. There are few, if any, pay packages for any CEO that approximate what Musk received.Of course, since the end of 2018, Tesla stock has expanded roughly eightfold, adding roughly $500 billion in market value. That’s one reason shareholders can feel happy with Musk.The original proposal passed with more than 70% support from shareholders, despite the original objections from proxy advisor firms.Coming into Tuesday’s trading, Tesla stock was about 28% year to date. Slowing demand growth for EVs and slowing sales growth for Tesla have weighed on investor sentiment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":15,"commentSize":4,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2438200373"}