The bank behind the world’s largest sovereign wealth fund has dealt a blow to Elon Musk’s proposed $1 trillion compensation plan at Tesla. Norway’s sovereign wealth fund, the sixth-largest Tesla shareholder, is the first major shareholder to publicly vote against Musk’s massive pay package.
The Wall Street Journal reports that Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has voted against Tesla CEO Elon Musk’s proposed $1 trillion pay package ahead of the electric vehicle company’s annual shareholder meeting scheduled for Thursday. The fund, which oversees $2 trillion in assets and is Tesla’s sixth-largest…
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