Friday, November 7, 2025

CalPERS Explains ‘No’ Vote for Musk’s $1 Trillion Pay Deal

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Drew Hambly, investment director for global public equity at CalPERS, discusses why the nation’s largest public pension fund voted against Tesla’s proposed $1 trillion pay package for Elon Musk and what CalPERS will do in the event the proposal isn’t approved. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”  (Source: Bloomberg)

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