The New Mexico State Investment Council has advised its proxy, Northern Trust Asset Management, to vote against Tesla’s proposed $1 trillion pay package for CEO Elon Musk.
Council members voted 6-3 in opposition to the hefty package on Tuesday.
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New Mexico State Treasurer Laura Montoya, left, at an August 2024 press conference. Montoya and the State Investment Council advised their proxy, Northern Trust Asset Management, to vote against Tesla’s proposed $1 trillion pay package for CEO Elon Musk.
Jon Austria/Journal
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