📣Glass Lewis: Tesla Shareholders Should Vote Against New Elon Musk Performance-Based Rewards Package
Glass Lewis, a prominent proxy advisory firm, has issued a report advising Tesla shareholders to vote against the recent proposal from the Tesla board of directors to offer CEO Elon Musk a very substantial performance-based rewards package that would apply over the coming decade or so.
That performance-based rewards package, as we noted when it was first revealed, would provide Elon Musk with a path to gaining a ~28% share in Tesla (which at current stock prices would be worth a fortune) — attendant to achieving some rather difficult and ambitious goals.
CleanTechnica
The plan is set out in a 68 page proxy statement filed with the Securities and Exchange Commission this week. Boiled down, it says within 10 years Tesla will be valued at $650 billion