A group of large pension funds has demanded that Elon Musk commit to work at least 40 hours a week at Tesla, calling for corporate governance reforms to address a “crisis” at the carmaker.
The letter sent to Tesla chair Robyn Denholm on Wednesday was signed by 12 long-term institutional investors including the New York City Comptroller, the American Federation of Teachers, as well as European funds such as Denmark’s AkademikerPension. Together they manage about $950bn in assets.
Musk has clashed with activist shareholders previously but the co-ordinated effort by institutional investors to put pressure on him is unusual and marks an escalation in the funds’ efforts to drive change at the company.
您已阅读15%（703字），剩余85%（4093字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。