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Tesla Shareholders Urged to Reject Murdoch, Kimbal Musk on Board

Kimbal Musk
Kimbal MuskPhotographer: Michael Loccisano/Getty Images

The largest proxy advisory firm is recommending Tesla Inc. investors reject two board members who are standing for re-election: James Murdoch and Elon Musk’s younger brother, Kimbal Musk.

“Votes against directors James Murdoch and Kimbal Musk are warranted due to concerns regarding excessive compensation to named executive officers and to non-executive directors,” Institutional Shareholder Services wrote in a Sept. 24 report to clients.