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CalPERS Opposes Musk’s $1T Tesla Pay Package Ahead of Shareholder Vote

CalPERS Opposes Musk’s $1T Tesla Pay Package Ahead of Shareholder Vote

Author:

Global Cryptocurrency

Published:

2025-10-30 16:08:02

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BTCCSquare news:

The California Public Employees’ Retirement System (CalPERS), a major institutional investor, plans to reject Elon Musk's proposed $1 trillion compensation package at Tesla's November 6 shareholder meeting. The pension fund, holding approximately 5 million TSLA shares, argues the excessive package WOULD concentrate too much power with Musk while dwarfing typical CEO compensation.

This marks CalPERS' continued resistance to Musk's pay structures, following its opposition to his voided $56 billion 2018 package. The new proposal ties compensation to unprecedented growth targets, requiring Tesla's market valuation to surge from $1.1 trillion to $8.5 trillion. Shareholders face a pivotal decision that could reshape Tesla's governance and strategic direction.

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