Norway Sovereign Wealth Fund Disapproves of Tesla CEO Elon Musk's $56 Billion Pay Proposal
Saturday, 8 June 2024, 06:30
Norway Wealth Fund's Stance on Elon Musk's Pay Plan
The Norway sovereign wealth fund has announced its intention to vote against Tesla CEO Elon Musk's proposed $56 billion compensation package.
Concerns Over Package Size and Shareholder Interests
The fund expressed concerns about the substantial size of the pay plan and its perceived lack of alignment with shareholder interests.
- Impact: This decision by one of the world's largest funds could signal a shift in shareholder activism towards more stringent oversight of executive remuneration.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.