BusinessGovernance

Proxy Advisor ISS Opposes Musk’s $1 Trillion Tesla Compensation Package

Leading proxy advisor ISS has recommended Tesla shareholders vote against Elon Musk’s proposed $1 trillion compensation package, calling the award “astronomical.” The recommendation comes as Tesla prepares for its November annual meeting where investors will decide on the controversial pay plan.

Proxy Advisor Opposes Musk’s Compensation Package

Institutional Shareholder Services (ISS), one of the most influential proxy voting advisory firms, has recommended that Tesla investors reject a proposed compensation package for CEO Elon Musk that could grant him nearly $1 trillion in additional stock, according to reports released Friday. The recommendation comes ahead of Tesla’s scheduled November 5 annual shareholder meeting, where investors will vote on the “mega performance equity award” designed to retain Musk long-term.

Emigration and ImmigrationPolicy

Chamber of Commerce Sues Over Trump’s $100K H-1B Visa Fee, Tech Executives Voice Opposition

The US Chamber of Commerce has filed a lawsuit against the Trump administration’s new $100,000 H-1B visa fee. Tech executives including Elon Musk and Satya Nadella have voiced opposition, arguing the fee would harm American businesses’ ability to attract global talent while the White House defends it as necessary reform.

Legal Challenge to H-1B Visa Fee Increase

The US Chamber of Commerce has filed a lawsuit against the Trump administration’s implementation of a $100,000 fee for H-1B visas, according to reports. The business organization, which represents more than 3 million companies, argued in its complaint that the fee would “inflict significant harm on American businesses,” sources indicate. The legal challenge comes as the administration defends the measure as a lawful and necessary step toward program reforms.

BusinessLegal Careers

Tesla Appeals to Delaware Supreme Court to Reinstate Musk’s $56 Billion Compensation Package

Tesla’s legal team has urged the Delaware Supreme Court to reverse a lower court decision that rescinded Elon Musk’s record $56 billion compensation package. The case represents one of the most significant corporate legal battles in recent history, with potential implications for Delaware’s corporate law framework and shareholder rights.

Tesla’s Supreme Court Appeal Over Musk Compensation

Attorneys for Tesla presented arguments before the Delaware Supreme Court this week, seeking to restore CEO Elon Musk’s $56 billion compensation package that was rescinded by a lower court earlier this year. According to reports from the courtroom, Tesla’s legal team characterized the 2023 shareholder vote to ratify the pay package as “the most informed stockholder vote in Delaware history.”