Norway’s Sovereign Wealth Fund Opposes Elon Musk’s $56 Billion Pay Package
Key Points: Norway’s wealth fund opposes Elon Musk’s $56 billion pay package, which a Delaware judge invalidated. As Tesla’s eighth-largest shareholder, the fund has a history of opposing excessive CEO pay and voting against many high-value packages last year. The fund supports proposals for Tesla to adopt labor rights policies, reflecting ongoing labor disputes in Sweden. The fund backs the proposal to relocate Tesla's incorporation to Texas and supports Kimbal Musk's re-election to the board. On Saturday, Norway’s $1.7 trillion...