Reported Earlier, CalPERS To Vote Against Elon Musk's Multibillion-Dollar Pay Package
Portfolio Pulse from Benzinga Newsdesk
CalPERS has announced its decision to vote against Elon Musk's multibillion-dollar pay package. This move could influence other shareholders and impact Tesla's stock price.
June 12, 2024 | 9:03 pm
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CalPERS, a significant institutional investor, has decided to vote against Elon Musk's multibillion-dollar pay package. This decision could sway other shareholders and potentially impact Tesla's stock price negatively in the short term.
CalPERS is a major institutional investor, and its decision to vote against Musk's pay package could influence other shareholders to follow suit. This could create negative sentiment around Tesla's governance and impact its stock price negatively in the short term.
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