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

November 11, 2025
in AI & Technology
Reading Time: 1 min read
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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.”
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