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Benzinga
Benzinga
Business
Badar Shaikh

Elon Musk's Trillion-Dollar Pay Plan Receives Support From Florida Fund Holding $1 Billion In Tesla Stock

Elon Musk SBA Nasdaq Tesla Inc. Glass Lewis
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The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares. It also manages over $280 billion in total assets.

A Bold, Performance-Driven Incentive Structure, Says SBA

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