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The Guardian - US
The Guardian - US
Business
Lauren Aratani

Tesla shareholder criticizes Elon Musk’s ‘ridiculous’ $56bn pay deal ahead of vote

Elon Musk Tesla Inc. United States Chris Ailman Calstrs Kathaleen McCormick Mars
Middle-aged white man appearing to sit on a stage in front of bright blue televised background, with his hands folded against his lips.
Elon Musk in Beverly Hills, California, on 6 May. Photograph: David Swanson/Reuters

The manager of one of the largest pension funds in the US said it will vote against Elon Musk’s “ridiculous” pay deal as Tesla campaigns for its reinstatement.

Shareholders in the electric carmaker are voting on the $56bn compensation package – the largest ever granted to an executive at a US-listed company – after it was thrown out by a Delaware judge earlier this year.

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