Retail activist shareholder platform Tulipshare urged Tesla Inc. to link its executive pay to environmental, social, and governance (ESG) factors. The activist shareholder group announced that it plans to submit a shareholder resolution on the subject during Tesla’s annual meeting of stockholders in 2023.
According to Antoine Argouges, the chief executive of Britain-based Tulipshare, the S&P Dow Jones Indices’ decision last spring to remove Tesla from its ESG index showed that the electric vehicle maker is facing reputational and legal risks. And some of these risks, according to Argouges, would likely not be tolerated by investors.
In an interview on Tuesday, Argouges argued that linking executive pay with ESG goals would incentivize those in leadership positions to tackle pertinent issues. He also noted that investors are “super ready” to support such a suggestion.” The mood of investors is super-ready to support a resolution like ours,” he said, according to a Reuters report.
Argouges also noted that if executive pay were linked to metrics like emissions targets or employee rights, “I can tell you those people will put their effort into solving the problems in the system.”
Tesla has not issued a comment on the matter.
Tesla’s removal from the S&P 500’s ESG Index incited a lot of strong reactions from both supporters and critics of the company. While critics praised the S&P 500’s decision, Tesla supporters such as ARK Invest Founder Cathie Wood said that the move was “ridiculous.” CEO Elon Musk spoke out against Tesla’s removal as well, noting that the S&P 500 ESG Index was an “outrageous scam.”
Musk’s pay from Tesla is also extremely dependent on the company’s financial performance. As such, Musk runs the risk of not getting any pay at all if Tesla does not meet certain milestones. Musk has so far done well, however, with the CEO meeting goals worth a combined $23 billion in April.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
This post really resonated with me. Keep up the good work.
lasuna for sale – purchase lasuna online order himcolin generic
buy besifloxacin online cheap – cheap carbocysteine generic buy sildamax without a prescription
order neurontin generic – sulfasalazine 500mg over the counter purchase azulfidine without prescription
buy celebrex pill – celecoxib 100mg pill indocin 50mg uk
order cambia generic – aspirin 75 mg oral order aspirin 75 mg without prescription
rumalaya generic – rumalaya where to buy order endep generic
pyridostigmine where to buy – buy imitrex 50mg pills order azathioprine 50mg
purchase diclofenac – imdur brand cheap nimodipine generic
ozobax order online – order baclofen sale order piroxicam pills
buy generic mobic – buy meloxicam pills toradol cheap
periactin online order – tizanidine pills buy generic tizanidine for sale
purchase trihexyphenidyl online cheap – trihexyphenidyl for sale online purchase diclofenac gel online cheap
cefdinir 300mg tablet – buy cefdinir pills order cleocin gel
order accutane 10mg without prescription – order accutane 40mg without prescription deltasone 40mg for sale
buy prednisone 20mg for sale – elimite online order elimite generic
acticin canada – acticin uk purchase tretinoin
betamethasone 20gm uk – monobenzone cost benoquin oral
metronidazole pills – metronidazole canada cenforce over the counter
buy generic augmentin online – buy clavulanate pill buy levothroid
buy cleocin pills for sale – indomethacin 75mg pills order indomethacin pill
purchase eurax online – brand aczone purchase aczone
buy bupropion 150 mg generic – buy shuddha guggulu without prescription buy shuddha guggulu no prescription
order generic modafinil 100mg – meloset 3 mg uk order melatonin 3mg pills
prometrium tablet – order fertomid generic buy clomiphene pills for sale
capecitabine cost – buy generic capecitabine 500 mg danazol 100mg us
order aygestin sale – yasmin pill order yasmin
buy alendronate 70mg pills – order fosamax provera 5mg usa
プレドニン処方 – г‚ўгѓўг‚г‚·гѓ«йЂљиІ© г‚ёг‚№гѓгѓћгѓѓг‚Ї – 500mg
гѓ—гѓ¬гѓ‰гѓ‹гѓійЊ 5 mg еј·гЃ• – гѓ—гѓ¬гѓ‰гѓ‹гѓі её‚иІ© гЃЉгЃ™гЃ™г‚Ѓ イソトレチノイン通販 安全
valif online musical – purchase secnidazole pill sinemet 20mg without prescription
provigil tablet – provigil 200mg tablet purchase lamivudine
promethazine price – buy generic phenergan over the counter buy generic lincocin