Part 9/14:
The struggle involves rallying retail investors, institutional holders, and political entities alike, all of whom have varying interests. Some institutional proponents, motivated by capitalism, support Musk’s efforts, while others, influenced by ESG concerns or political pressures, oppose them.
The Role of Institutional and Retail Support
Despite challenges, there remains a compelling case that support from retail investors and certain institutions can tip the scales. It’s pointed out that in 2018, a majority of institutional shareholders still voted in favor of the compensation plan, even amid opposition from proxy advisory firms and some activist groups.