Major pension fund will vote against Elon Musk pay package
The head of a major pension fund said on Monday that he will vote against Elon Musk’s compensation proposal later this week. Christopher Eilman, chief investment officer at the California State Teachers Retirement System (CalSTRS), said in an interview with CNBC that the system opposes Musk’s compensation package, calling it “absurd.” As of June 2023, […]
California pension fund to oppose Elon Musk’s ‘ridiculous’ Tesla $56B payday
The California State Teachers’ Retirement System plans to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the pension fund’s chief investment officer said. He told CNBC on monday. “We’re paying him 140 times what the average worker makes. How’s that? I think that’s fair enough. This pay structure is ridiculous,” Chris Eilman said […]
Archie Norman blames pension funds for decline of London's stock market – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. City executive Archie Norman blamed a lack of funding for British pension funds invested in British companies and a decline in corporate share options for the long-term slump in the London stock market. Norman, who is […]
General election: Tories announce 'Triple Lock Plus' pension allowance – BBC.com
Image source, Getty Images Article information author, Sam Francis role, Political reporter May 27, 2024 Updated 26 minutes ago The Conservative Party has promised to increase tax-free pension benefits through the “triple lock plus” system if it wins the general election. Under the plan, personal allowances for pensioners would increase by at least 2.5% or […]
There’s A Massive Red Flag That Could Spell Disaster For Americans’ Pension Plans
U.S. government pension funds currently have the lowest cash holdings since the 2008 financial crisis, and corporate pensions’ cash holdings are barely above the 13-year low they hit in 2021, which could spell disaster in the event of a financial crisis. Over the past 15 years, public pensions had 2.45% cash holdings and private pensions […]
EXCLUSIVE: Swing State’s Pension Funds Used To Advance ‘Racial Equity,’ Climate Initiatives, Report Finds
Arizonans’ pension funds have repeatedly been leveraged to forward racial and climate-related resolutions at publicly traded companies, according to a report from conservative watchdog group American Accountability Foundation (AAF). Arizona State Retirement System (ASRS) used Arizonans’ pension funds to back environmental, social and governance (ESG) shareholder resolutions on issues including race, gender, climate and politics, […]
What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed – Yahoo Finance
COLUMBUS, Ohio (AP) — The battle over the future of Ohio’s $94 billion teachers’ pension fund is underway as reformers’ attempts to provide long-promised benefits to retirees with the help of an aggressive investment firm peddling untested AI-driven trading strategies face intense scrutiny. As the drama unfolds, the eyes of Wall Street and the 500,000 […]
What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed – The Associated Press
COLUMBUS, Ohio (AP) — The battle over the future of Ohio’s $94 billion teachers’ pension fund is underway as reformers’ attempts to provide long-promised benefits to retirees with the help of an aggressive investment firm peddling untested AI-driven trading strategies face intense scrutiny. As the drama unfolds, the eyes of Wall Street and the 500,000 […]
NYS pushes to boot Boeing bigwigs, block executive raises using pension fund after series of company mishaps
New York state plans to use the weight of its pension fund to push for the firing and blocking of pay raises for three Boeing Co. executives following a series of corporate disasters. State Comptroller Tom DiNapoli, who oversees the fund, voted against a shareholder proposal that argued Boeing’s corporate giant shouldn’t get raises because […]
Ohio Attorney General sues to remove two from teacher pension board – The Columbus Dispatch
State law allows the attorney general to file a civil suit to remove a public pension board member if the member fails to act in the plan’s best economic interest. Last week, Yost launched an investigation into whether some directors breached their fiduciary duties. Gov. Mike DeWine sent a letter to Yost and other state […]