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Calpers Opposes eBay's Options Plan

 

Updated from 1:10 p.m. EDT

Opposition is mounting to eBay's (EBAY Quote) plan to expand its pool of stock options, with the nation's largest public pension fund deciding to vote against the proposal.

Calling it "excessive," the California Public Employees' Retirement System, or Calpers, said it will vote its shares against the plan. Calpers owns 213,000 shares in eBay, worth about $21.6 million in recent trading.

eBay did not return calls seeking comment. ...

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