New York | London | A group of large pension funds has demanded that Elon Musk commit to working at least 40 hours a week at Tesla, calling for corporate governance reforms to address a “crisis” at the car maker.
The letter sent to Tesla chairwoman Robyn Denholm on Wednesday (Thursday AEST) 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 $US950 billion ($1.5 billion) in assets.
