‘Sad, if not damning’: Cathie Wood blasts the proxy firms who say Elon Musk’s $1 trillion pay package is just too rich
NegativeFinancial Markets

Cathie Wood has criticized proxy firms for labeling Elon Musk's $1 trillion pay package as excessive, describing their stance as detrimental to innovation. She argues that index-based investing resembles socialism and highlights the flaws in the current investment system. This matters because it raises questions about how compensation is viewed in the tech industry and the influence of proxy firms on corporate governance.
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