N.Y. Pension Ramps Up Pressure on Tesla After Race-Bias Lawsuit
- The fund says civil-rights violations can add huge costs
- Electric-vehicle maker has faced racism-related complaints
Photographer: Mark Kauzlarich/Bloomberg
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New York state’s retirement plan is ratcheting up pressure on Tesla Inc., calling on the electric-car maker to disclose how much it spends on settling sexual harassment and racial discrimination complaints.
The New York State Common Retirement Fund, one of the country’s biggest public pension plans, filed its shareholder proposal last week following a high-profile racial discrimination case that resulted in a $137 million jury award and days before California took the extraordinary step of suing Tesla. The resolution asks the automaker to publish how effective its measures are in ending bad conduct in the workplace.