Europe’s Largest Pension Fund Sold Tesla Stake Over Musk’s Pay – Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Elon Musk
Europe’s largest pension fund sold its entire €571 million ($585 million) stake in Tesla Inc. in the third quarter partly due to disagreement with Elon Musk’s remuneration package.
“We had a problem” with Musk’s pay package, a spokesperson for Stichting Pensioenfonds ABP said Sunday. The fund also considered costs, return and responsible investment requirements in its decision to sell its investment.

source

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top