[Elon Musk's Trillion-Dollar Tesla Compensation Proposal Opposed By California Public Employees' Retirement System] The California Public Employees' Retirement System (Calpers), The Largest Public Pension Plan In The United States, Is Planning To Vote Against Elon Musk's $1 Trillion Tesla Compensation Deal, Hindering The Company's Plans To Award One Of The Most Lucrative Compensation Packages In The Corporate World. Drew Hambly, Calpers' Global Head Of Equity Investments, Stated In An Emailed Statement, "Tesla's Proposed CEO Compensation Package Is Orders Of Magnitude Larger Than Those Offered By Comparable Companies." He Added That The Pension Plan Typically Measures Proposed Compensation Based On Performance And Industry Norms. He Said, "This Would Further Concentrate The Power Of A Single Shareholder." According To Data Compiled By Bloomberg, Calpers Holds Approximately 5 Million Shares Of Tesla Stock
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