Comment on Why one of Europe's largest pensions sold its entire $585 million stake in Tesla

Why one of Europe's largest pensions sold its entire $585 million stake in Tesla

A Dutch pension fund completely divested its stake in Tesla over several concerns.Brandon Bell/Getty ImagesDutch pension fund ABP sold its Tesla stake over Musk's pay and working conditions at the company.ABP disagreed with Musk's compensation package and voted against it in June.The fund called the pay package "controversial and exceptionally high."A Dutch civil service pension fund sold its entire stake in Tesla over disapproval of CEO Elon Musk's pay package and working conditions at the company.Stichting Pensioenfonds ABP, one of Europe's largest pension funds, sold 2.8 million shares in the electric vehicle maker in September because it disagreed with Musk's pay package, Dutch outlet Het Financieele Dagblad reported Friday.

 

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