Source: International Business Times
Elon Musk's xAI sues OpenAI Elon Musk is facing mounting backlash as proxy advisers and major investors urge Tesla shareholders to reject his proposed $1 trillion (£744 billion) compensation plan, warning the package threatens corporate oversight and could entrench his control. The dispute has erupted ahead of the company's annual meeting on 6 November in the US, after Institutional Shareholder Services (ISS) and other bodies issued negative guidance. The pushback comes as Tesla's board defends the scheme, arguing it links pay to performance and ensures Musk's commitment to the company.
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