Tesla shareholders urged to reject Elon Musk's $56 billion pay package
CBSN
Tesla shareholders should reject CEO Elon Musk's $56 billion pay package, according to proxy advisory firm Glass Lewis, which singled out the "excessive size" of the deal and its potentially negative impact on smaller shareholders.
The recommendation from the influential proxy advisory company comes as Tesla is asking its shareholders to vote again on his 2018 pay package after a Delaware judge earlier this year nullified the payout, which was the biggest compensation plan in corporate America.
Tesla shareholders are set to vote on the pay package on June 13. The company didn't immediately respond to a request for comment about Glass Lewis' recommendation to vote against the pay deal.
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