Saturday, 8 June, 2024

Norway Wealth Fund Opposes Elon Musk's $56 Billion Tesla Pay Package

Norway's sovereign wealth fund plans to vote against Elon Musk's $56 billion pay package from Tesla, citing concerns over the compensation's alignment with shareholder interests. The fund, a significant Tesla investor, believes the package is excessive and not sufficiently performance-based. This decision adds to the ongoing debate over executive compensation and shareholder rights within major corporations.