Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package, raising concerns over dilution and executive risk.
Matilda
Norway’s Wealth Fund Vote Hits Musk’s $1T Pay Why Norway’s Wealth Fund Vote Is the Latest Blow to Musk’s $1 Trillion Pay Package Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package — and investors are watching closely. The sovereign fund, which owns over 1% of Tesla, rejected the massive compensation proposal over concerns about dilution, executive risk, and fairness. This vote comes as advisory groups like ISS and Glass Lewis also oppose the plan, raising questions about shareholder influence, Musk’s control, and the future of the world’s largest performance-based pay deal. Image Credits:Beata Zawrzel/NurPhoto / Getty Images What Does the Norway Wealth Fund’s Decision Mean for Musk’s $1T Pay Package? The fund, managed by Norges Bank Investment Management (NBIM), holds more than $11.7B in Tesla shares. While the vote alone can’t block approval, it signals growing resistance among key shareholders. NBIM says the package lacks safeguards and disproportionately rewards Musk, despite acknowledging his “visionary ro…
