CalPERS is one of the 30 top investors in Tesla and owns 9.5 million shares.
Almost 75% of shareholders later approved the package.
But Tesla and Musk arent staying quiet.
Tesla CEO Elon Musk at The New York Times’ Dealbook Summit in November 2023.Photo: Slaven Vlasic/The New York Times (Getty Images)
CalPERS broke the deal.
Musk lateraccusedCalPERS of doing this for social reasons at the expense of its constituents and the state of California.
CalPERS, which manages pensions for California public employees and retirees, voted against the 2018 proposal.
As for Glass Lewis, Musk haspromoteda series of social media posts accusing the firm of promoting unlawful discrimination.
This article originally appeared onQuartz.
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