Tag: Proxy firm

BusinessInnovationTechnology

Musk Slams Proxy Advisors as ‘Corporate Terrorists’ Amid Growing Influence Over Corporate Elections

Tesla CEO Elon Musk has launched a blistering attack against leading proxy advisory firms, labeling them “corporate terrorists” after they opposed his compensation package. The confrontation underscores the growing influence these firms wield over corporate governance decisions as more investors enter stock markets.

Executive Outburst Highlights Proxy Power Struggle

Elon Musk’s fiery criticism of proxy advisory firms this week has thrown a spotlight on what analysts suggest is a fundamental shift in corporate governance dynamics. The Tesla CEO reportedly labeled Institutional Shareholder Services and Glass Lewis “corporate terrorists” during an earnings call, claiming they “have no freaking clue” after ISS recommended against his nearly $1 trillion compensation package. According to reports, Musk argued that past recommendations from these firms “would have been extremely destructive to the future” of Tesla.

by Owen Holt
AIBlockchainBusiness

CoreWeave’s $9 Billion Core Scientific Acquisition Faces Shareholder Resistance

CoreWeave’s planned $9 billion acquisition of Core Scientific faces significant opposition after a major proxy advisor recommended shareholders reject the deal. The resistance signals potential cooling in the data center merger market amid unprecedented AI infrastructure investments. Two Seas Capital, a major shareholder, has publicly supported the recommendation against the transaction.

Major Proxy Advisor Opposes Core Scientific Acquisition

The proposed $9 billion acquisition of data center infrastructure provider Core Scientific by AI cloud provider CoreWeave is facing substantial resistance, according to recent reports. Institutional Shareholder Services (ISS), a leading proxy advisory firm, has recommended that Core Scientific shareholders vote against the transaction, sources indicate.

by Owen Holt