It’s just the latest pushback over the size of Musk’s Tesla Inc. pay package, which was recently valued by the company at $44.9 billion.
Norway’s sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk ’s hefty CEO compensation package during Tesla Inc.’s annual shareholder meeting Thursday at the automaker’s Austin headquarters. It’s the latest pushback over the size of the pay package, which was recently valued by the company at $44.9 billion but in January had a value of about $56 billion.
Elon Musk sees second big shareholder advisory firm oppose his multibillion-dollar Tesla pay package Also last month, a group of shareholders including New York City Comptroller Brad Lander, SOC Investment Group and Amalgamated Bank, asked Tesla investors to vote against the package, saying it does not promote Tesla’s long-term growth and stability.
Elon Musk can’t keep 'unfathomable' Tesla pay package worth more than $55 billion, judge rules The Norwegian fund, called the Government Pension Fund Global, which has a 0.98% stake in Tesla worth $7.72 billion, voted against the package initially in 2018. The fund invests proceeds from the country’s oil and gas industry to secure pensions for future generations in Norway. It is worth 17.80 trillion Norwegian Krone .
Norges Bank Investment Management Glass Lewis Government Pension Fund Global Amalgamated Bank SOC Investment Group Elon Musk Brad Lander Norwegian Austin New York City Delaware Norwegian Krone
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Norwegian wealth fund to vote against Elon Musk's Tesla pay packageNorway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday. It’s the latest pushback over the size of the pay package, which was recently valued by the company at $44.
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Norwegian wealth fund to vote against Elon Musk's Tesla pay packageNorway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday
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Norwegian wealth fund to vote against Elon Musk's Tesla pay packageNorway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday.
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