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CalPERS becomes latest Tesla shareholder to vote against Musk's pay package

June 12, 2024 3:31 PM EDT

FILE PHOTO: A sign at California Public Employees' Retirement System (CalPERS) headquarters in Sacramento, California, U.S. February 14, 2017. REUTERS/Max Whittaker/File Photo

(Reuters) - The California Public Employees' Retirement System (CalPERS) 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.

(Reporting by Akash Sriram in Bengaluru and Juby Babu in Mexico City; Editing by Devika Syamnath)



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