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Florida pension board backs $56 billion pay package of Tesla CEO Musk
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Florida pension board backs $56 billion pay package of Tesla CEO Musk
Jun 12, 2024 6:29 AM

June 12 (Reuters) - Florida's pension board voted in

support of the $56 billion pay package of Tesla CEO

Elon Musk for the company's upcoming annual meeting, saying the

plan "exhibits very high levels of pay-for-performance."

In a post on its website on Wednesday the Florida State

Board of Administration also said it voted against Tesla

director Kimbal Musk, citing independence concerns, and against

Tesla's proposed re-domestication to Texas.

With 2.89 million Tesla shares the agency is Tesla's 80th

largest investor.

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