Tesla CEO Ilon Musk, known for seeking to challenge all forms of power representation, is convinced that consulting firms ISS and Glass Lewis wield excessive power over the market, The Street writes.

Most recently, he criticized Anthony Fauci, the immunologist who was America’s chief medical officer during the coronavirus pandemic, even though it could have unpleasant consequences for Musk, and more specifically for some of his companies, such as Tesla, whose client base consists largely of progressives, who in turn are often fierce defenders of Fauci. That hasn’t stopped Musk, however, who has said he wants to hold Dr. Fauci accountable because Musk sees the way the country’s health authorities responded to the virus pandemic as totalitarianism.

Musk then attacked the recent World Economic Forum, whose latest convention just concluded in Davos, Switzerland, accusing it of acting as an unpopular world government. “The WEF is increasingly becoming an unelected world government that people never asked for or wanted,” Musk said on Jan. 18.

His indictment of the Davos forum has intensified criticism of the entire global economic and political elite and civil society figures. However, the fact that Musk, the second richest man in the world, sharply criticizes a circle made up of people as rich as him proves that Davos is indeed failing in its mission.

In Musk’s view, the WEF meeting in Davos has become largely irrelevant, nothing more than a self-glorification by the world’s elites aimed at convincing themselves that they are changing the world for the better.

In addition to attacking Davos, the Tesla CEO criticized 2 other organizations that also symbolize power: they are major advisory firms Institutional Shareholder Services and Glass-Lewis, which Musk considers the real masters of the stock market. Both firms advise shareholders on executive compensation and voting for board members.

“Too much power is concentrated in the hands of shareholder services firms like ISS and Glass Lewis because the majority of the market is passive/index funds that turn over shareholder voting decisions to them,” Musk wrote on Jan. 24.

Usually Musk’s first attack of this kind is to prepare the ground, and we can expect that in the coming days or weeks he will multiply his attacks on these firms that encourage the implementation of ESG (environmental, social and corporate governance) regulations, which Musk has made his enemy No. 1.

These companies are very embarrassing with their management decisions, as the words “recommends voting against/for” are a poorly disguised threat that they are in control and it is better to agree with them.

There is a long-standing grudge between Musk and the two firms, with ISS and Glass Lewis recommending that Tesla shareholders vote against the generous compensation package Tesla gave its charismatic CEO in 2018.