The Battle of Wits: Elon Musk vs. CalPERS Over a $56 Billion Pay Package
๐ Elon Musk criticized a shareholder group opposing his $56 billion pay package despite benefiting significantly from Tesla’s stock increase. ๐ CalPERS, a significant Tesla shareholder, saw their investment grow from $40 million to roughly $500 million since 2018. ๐ณ๏ธ CalPERS now holds approximately $1.7 billion worth of Tesla shares but remains against Muskโs pay…