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.

June 08, 2024
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