California Public Employees’ Retirement System, Calpers, the largest pension plan in the U.S., plans to vote against Elon Musk’s $1T Tesla (TSLA) compensation agreement, Loukia Gyftopoulou of Bloomberg reports. “The CEO pay package proposed by Tesla is larger than pay packages for CEOs in comparable companies by many orders of magnitude,” a spokesperson for the pension plan said. “It would also further concentrate power in a single shareholder.”
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