US EditionTrump gives Elon Musk a win over a longtime foe
The order targets proxy firms’ use of diversity, equity, inclusion, and environmental policies amid antitrust concerns, responding to complaints from Elon Musk and others.
- On Thursday, President Donald Trump issued an executive order directing the Securities and Exchange Commission to examine Institutional Shareholder Services and Glass Lewis, and instructing the Federal Trade Commission to probe whether those firms violated antitrust laws.
- Growing scrutiny from states and constituencies showed Institutional Shareholder Services and Glass Lewis have expanded influence and drawn complaints from Elon Musk after advising votes against Tesla proposals.
- Proxy advisory firms play a crucial role guiding institutional investors on shareholder voting and ISS and Glass Lewis, owned by Germany and Canada, counsel BlackRock, pension funds, and asset managers.
- The review could result in changes to Institutional Shareholder Services and Glass Lewis operations, with potential impacts on corporate governance and shareholder voting, and supporters call it a win for Elon Musk.
- The move escalates a multi-front dispute by federal agencies, state attorneys general, and corporate leaders, intensifying conflicts over proxy firms’ influence on institutional investors and Tesla.
11 Articles
11 Articles
Trump Just Handed Elon Musk a Long-Sought Victory Over a Powerful Rival Trump Just Handed Elon Musk a Long-Sought Victory Over a Powerful Rival - Tesla (NASDAQ:TSLA)
In a move that is being hailed as a victory for Elon Musk, President Trump has called for a review of two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis.
Trump's THIS order gives Elon Musk win over rivals that opposed his Tesla pay package
In a move likely giving Tesla CEO Elon Musk an edge over its long-time rivals, US President Donald Trump has ordered a review of two major proxy advisory firms, Institutional Shareholder Services and Glass Lewis, which Musk previously...
On Thursday, President Donald Trump decreed a review of two major power voting advisory firms — companies that advise shareholders on their votes — that had previously provoked the anger of Tesla's CEO, Elon Musk, and...
Trump gives Elon Musk a win over a longtime foe
President Donald Trump on Thursday ordered a review of two major proxy advisory firms — companies that advise shareholders on votes — that had previously drawn the ire of Tesla CEO Elon Musk and others in Corporate America.
Coverage Details
Bias Distribution
- 70% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
