Norway’s $2T sovereign wealth fund plans to vote against Tesla (TSLA) CEO Elon Musk’s trillion-dollar pay package deal on the firm’s annual shareholder assembly this week, CNBC’s Chloe Taylor reports. Norges Bank Investment Management, which manages the fund, mentioned that “While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation.” NBIM added that “We will continue to seek constructive dialogue with Tesla on this and other topics.”
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