Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package
In Brief Posted: 10:24 AM PST · November 4, 2025 Image Credits:Beata Zawrzel/NurPhoto / Getty Images Kirsten Korosec Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package Norway’s sovereign wealth fund has voted against a Tesla proposal to give CEO Elon Musk a compensation package worth $1 trillion. The fund, which is managed by Norges Bank Investment Management, holds a 1.14% stake in Tesla valued at about $11.7 billion, according to its mid-year filings in June. “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,” the fund said in a…
