Part 4/13:
The proposal was inspired by data showing that 59 out of the 500 largest U.S. companies experienced key executive departures in 2017, leading to market underperformance afterward. Tesla’s current stance is that their existing internal processes—such as regular management evaluations, leadership development, and succession planning—are sufficient. They argue that public disclosure could create vulnerabilities, foster internal tensions, and cause external recruitment of their high-value executives.