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Norway’s oil fund to vote against Elon Musk’s $1tn pay deal at Tesla

Financial Times•Tuesday, November 4, 2025 at 7:00:00 AM
NegativeFinancial Markets
Norway’s oil fund to vote against Elon Musk’s $1tn pay deal at Tesla
Norway's oil fund, the world's largest sovereign wealth fund, has announced its intention to vote against Elon Musk's proposed $1 trillion pay deal at Tesla. This decision is significant as the fund is one of Tesla's top investors, highlighting concerns over executive compensation and corporate governance. The move reflects a growing trend among investors to scrutinize pay packages that they believe may not align with company performance, which could influence how other investors approach similar situations in the future.
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