Opposition to Musk $1T pay intensifies; unions, Democratic officials urge ‘no’ votes; proxy advisors against
October 29, 2025000
- Unions and Democratic state officials (e.g., NY State Comptroller, NYC Comptroller) campaign to reject 2025 CEO Performance Award and vote against three directors up for election
- Report notes Florida’s state pension supports the package; large asset managers (BlackRock, State Street) declined comment; Vanguard no response noted
- ISS and Glass Lewis recommended voting against the package; critics warn plan consolidates control and weakens shareholder voice
- Shareholder vote scheduled 2025-11-06; proposal must secure majority of shares entitled to vote