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2025-10-30 22:23:10
[Elon Musk's Trillion-Dollar Tesla Compensation Plan Opposed by California Public Employees' Retirement System] The California Public Employees' Retirement System (Calpers), the largest public pension plan in the United States, is planning to vote against Elon Musk's $1 trillion Tesla compensation plan, bringing obstacles to Tesla's plan to award one of the most lucrative corporate compensation packages in the industry. Drew Hambly, Calpers' global head of equity investments, said in an emailed statement, "Tesla's proposed CEO compensation package is orders of magnitude larger than that of CEOs at comparable companies." He added that the pension plan typically measures proposed compensation based on performance and industry norms. He said, "This would further concentrate the power of a single shareholder." Calpers holds approximately 5 million shares of Tesla stock.
