June 12 (Reuters) – The California Public Employees’ Retirement System is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund’s CEO said on Wednesday.
CalPERS, which is among the top 30 investors in Tesla (TSLA.O), opens new tab and owns 9.5 million shares according to LSEG data, voted against Musk’s stock options package in 2018.
The EV maker’s shares have fallen nearly 28% this year.
Source: REUTER
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