CalSTRS Decision on Tesla CEO Musk's Pay Package Sparks Controversy

Monday, 10 June 2024, 15:51

In a dramatic turn of events, CalSTRS, one of the largest pension funds, has cast a significant vote against Tesla CEO Elon Musk's lucrative $56 billion pay package. This decision, as reported by CNBC, signifies growing investor unrest over executive compensation practices.
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CalSTRS Decision on Tesla CEO Musk's Pay Package Sparks Controversy

CalSTRS Latest Stand Against Tesla CEO Musk's Pay Package

In a recent development, CalSTRS, a major pension fund, opposes Tesla CEO Elon Musk's $56 billion compensation package, which has raised concerns in the financial community. The vote highlights increasing scrutiny on executive pay practices.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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