"Schwab Asset Management's approach to voting on proxy matters is thorough and deliberate. We utilize a structured process that focuses on protecting and promoting shareholder value."
"Schwab Asset Management's approach to voting on proxy matters is thorough and deliberate. We utilize a structured process that focuses on protecting and promoting shareholder value. We apply our own internal guidelines and do not rely on recommendations from Glass Lewis or ISS. In accordance with this process, Schwab Asset Management intends to vote in favor of the 2025 CEO performance award proposal. We firmly believe that supporting this proposal aligns both management and shareholder interests, ensuring the best outcome for all parties involved."
Schwab Asset Management intends to vote in favor of Tesla CEO Elon Musk's 2025 CEO performance award. Glass Lewis and ISS intend to vote against the compensation package. Many Tesla investors threatened to leave Charles Schwab when they assumed the firm would oppose the award. Schwab applies its own internal proxy-voting guidelines and does not rely on Glass Lewis or ISS recommendations. Schwab's proxy process is structured to protect and promote shareholder value and to align management and shareholder interests. Schwab believes supporting the proposal will ensure the best outcome for shareholders and management.
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