Nov 6th, 2025

CalPERS Explains ‘No’ Vote for Musk’s $1 Trillion Pay Deal

Drew Hambly, investment director for global public equity at CalPERS, discusses why the nation's largest public pension fund voted against Tesla's proposed $1 trillion pay package for Elon Musk and what CalPERS will do in the event the proposal isn't approved. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”