Part 3/8:
Addressing Criticisms and Opposition
Critics, including influential proxy advisory firms ISS and Glass Lewis, have recommended voting against the plan, citing concerns about excessive executive compensation and Musk's already substantial ownership stake. Some commentators argue Musk holds shareholders "hostage" through these incentives, claiming they could disproportionately benefit him regardless of company performance.
In response, Denhal defended the plan as the "greatest pay for performance plan" available and noted that the previous plan was struck down, hence the need for a new approach. She asserts that the plan minimizes risk for shareholders by tying incentives to concrete milestones rather than fixed stock grants.