As Maryland’s Comptroller and Vice Chair of the State Retirement and Pension System Board, I take my responsibility to protect your retirement security seriously.

Recently, Tesla proposed a $1 trillion pay package for CEO Elon Musk, and I helped lead a coalition of Democratic state finance officers to speak out against it.

E&E News: State treasurers try to torpedo Elon Musk's pay package

We sent a letter to Tesla shareholders raising our concerns that the Tesla Board remains too focused on pleasing Musk rather than acting in the best interests of shareholders and public pension funds.

Maryland’s pension fund currently holds $175 million in Tesla stock. Our role is not political — it’s fiduciary. We must ensure our investments are managed responsibly and align with the values of Maryland's people. That includes focusing corporate leadership on the company, not personal ambitions.

This fight isn’t just about one executive. It’s about ensuring strong governance and protecting the retirement security of the workers and retirees who depend on these funds. The shareholder vote on Musk’s compensation package is on November 6, and we’ll continue pushing for accountability.

Thank you for standing with me. Together, we’ll keep fighting for responsible leadership and secure pensions.

My best,

Brooke

(She, Her, Hers)

P.S. As always, I appreciate your support. If you’re able, please consider donating to my re-election campaign so I can continue advocating for solutions to Maryland’s challenges: [link removed]

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Authorized by Brooke Lierman for Maryland; Chairman, Erek Barron; Treasurer, Candace Dodson-Reed.

Brooke Lierman for Maryland
PO Box 891
Baltimore, MD 21203
United States

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