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Norway's sovereign wealth fund votes against Tesla's $56bn pay package for Elon Musk at annual meeting.
Norway's sovereign wealth fund, the world's largest, will vote against Tesla CEO Elon Musk's $56bn pay package at the company's annual meeting.
The fund, Tesla's eighth-largest shareholder, has a 0.98% stake in the company worth $7.72bn.
It previously voted against the pay package in 2018, expressing concerns about the total size of the award, its structure, dilution, and lack of mitigation for key person risk.
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El fondo soberano de Noruega vota en contra del paquete salarial de 56 mil millones de dólares de Tesla para Elon Musk en su reunión anual.