California pension fund opposes ‘ridiculous’ Elon Musk pay package at Tesla

The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk.

The vote this week is to effectively reinstate a 2018 pay package that was struck down by a judge in January. California State Teachers’ Retirement System Chief Investment Officer Chris Ailman said the fund opposed the pay package previously and will do so again.“

We’ll pay him 140-times the average worker pay. How about that deal? I think that’s more than fair. This pay package is ridiculous,” Ailman said on “Squawk on the Street.”

Source: California pension fund opposes ‘ridiculous’ Elon Musk pay package at Tesla