The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares. It also manages over $280 billion in total assets.A Bold, Performance-Driven Incentive Structure, Says SBAIn an SEC filing on Monday, the agency called the compensation award a "bold, performance-driven incentive structure" with n ...