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CalPERS voting against Musk’s $1T pay plan, citing ’power concentration’ concerns

Investing.com•Thursday, October 30, 2025 at 5:31:27 PM
NegativeFinancial Markets
CalPERS, the California Public Employees' Retirement System, has voted against Elon Musk's proposed $1 trillion pay plan, raising concerns about the concentration of power in the hands of a single individual. This decision is significant as it reflects growing scrutiny from institutional investors regarding executive compensation and governance practices. By opposing this plan, CalPERS is advocating for more balanced power dynamics within corporations, which could influence other investors and set a precedent for future compensation packages.
— Curated by the World Pulse Now AI Editorial System
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