Executive Pay
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Herbert Ong· 2025-10-18 12:11
RT Ed Coppe (@edcoppe)So here is a Reuters article from three finance journalists regarding Elon Musk's proposed pay package.Reuters is seemingly a reputable media source. And surely the three journalists would know what they are talking about. Surely.Sadly this is a hit piece, cleverly disguised as a piece of investigative, financial journalism.Let me quote from the article:Yet Musk could reap tens of billions of dollars without meeting most of those targets, according to a Reuters analysis of his performa ...
Elon Musk Buys $1 Billion in Tesla Stock as Board Defends His Pay
Nytimes· 2025-09-15 13:41
Tesla's chief executive bought the stock after the company's board proposed paying him nearly $1 trillion if he achieves certain performance goals. ...
Boohoo faces showdown at shareholder meeting
Yahoo Finance· 2025-09-14 15:12
Core Viewpoint - Boohoo is facing significant shareholder opposition regarding its executive pay proposal, particularly concerning a bonus exceeding £2 million for CEO Dan Finley, amid concerns over transparency and performance metrics [1][2][3]. Group 1: Executive Pay Concerns - Institutional Shareholder Services (ISS) and Glass Lewis have both recommended that investors vote against Boohoo's executive pay report due to a lack of clarity regarding a £2 million bonus for CEO Dan Finley [2]. - ISS highlighted that Boohoo did not confirm whether the bonus was awarded on a like-for-like basis for forfeited awards from Finley's previous role at Debenhams [2][3]. - Glass Lewis criticized the use of discretionary bonuses, suggesting it reflects a lack of commitment from the board to align incentives with performance [4]. Group 2: Shareholder Backlash - The upcoming shareholder meeting poses a risk of backlash as Boohoo's largest investor, Mike Ashley's Frasers Group, has expressed growing dissatisfaction, including a bid to remove Boohoo's chairman [5][6]. - Frasers Group has raised concerns over a recent £175 million loan deal, accusing the chairman of neglecting investor interests by opting for a more expensive financing option [6]. - The ongoing conflict between Frasers and Boohoo has intensified, particularly after a proposal for Ashley to join the board was rejected by Boohoo's investors last December [7].