ISS recommended shareholders vote against proposal (Il Sole 24 Ore Radiocor) - New York, 03 Jun - Tesla said the $56 billion pay package proposed for its CEO Elon Musk was justified because of the "tremendous value" he had created for shareholders, adding negotiating any new award would be costlier.

The comments, in a filing to market regulator SEC, came days after a top proxy adviser recommended shareholders vote against the proposal.

Institutional Shareholder Services last week called the pay package proposal "excessive".

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(RADIOCOR) 03-06-24 16:28:53 (0481) 5 NNNN