Norway Wealth Fund to Vote Against Musk’s Record Tesla Pay Plan
Norway Wealth Fund to Vote Against Musk’s Record Tesla Pay Plan
Homepage   /    business   /    Norway Wealth Fund to Vote Against Musk’s Record Tesla Pay Plan

Norway Wealth Fund to Vote Against Musk’s Record Tesla Pay Plan

🕒︎ 2025-11-04

Copyright Bloomberg

Norway Wealth Fund to Vote Against Musk’s Record Tesla Pay Plan

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Norway ’s sovereign wealth fund will vote against the $1 trillion pay package proposed for Tesla Inc Chief Executive Officer Elon Musk . Norway’s $2.1 trillion wealth fund posted its voting intentions online ahead of Tesla’s annual meeting on Thursday, saying it’s “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The fund, which owns 1.1% of Tesla, said that while it appreciates “the significant value created under Mr Musk’s visionary role” the vote is “consistent” with its views on executive compensation.

Guess You Like

Taiwan Wants To Be The Israel Of Asia & Its D.C. Lobby Is Growing
Taiwan Wants To Be The Israel Of Asia & Its D.C. Lobby Is Growing
Authored by J.D. Hester via An...
2025-11-03
Minimum Wage Could Face Major Overhaul Under New Bill
Minimum Wage Could Face Major Overhaul Under New Bill
A Florida lawmaker has introdu...
2025-10-21