A second major proxy firm told investors to reject Elon Musk's $1 trillion Tesla pay deal
1. Glass Lewis advises rejecting Musk's $1 trillion pay plan, citing shareholder concerns. 2. Musk's pay package could dilute existing shareholders' ownership by 11.3%. 3. The proposal allows Musk to gain significant compensation for modest performance. 4. Tesla defends Musk's pay plan, urging shareholders to ignore proxy firm recommendations. 5. Cheering support from influential investors like Cathie Wood may counter opposition.