Shareholders oppose $46 billion compensation for Elon Musk due to company's challenges. Board members' relationships with Musk draw criticism over compensation fairness and potential legal issues.
Concerns raised over Musk's involvement in other ventures as a 'part-time CEO' affecting Tesla's focus and performance. Lack of clear incentives in proposed pay plan questioned by investors.
Institutional Shareholder Services' 2018 observation on Musk's pay package aiming for long-term commitment deemed a failure. Shareholders caution that approval could lead to larger awards in the future.
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