00:00It's Benzinga bringing Wall Street to Main Street.
00:02Norway's $2 trillion sovereign wealth fund said it will vote against Elon Musk's trillion-dollar
00:06pay package at Tesla's upcoming shareholder meeting, according to CNBC.
00:11Norway's big investment management, Tesla's largest institutional shareholder with a 1.14%
00:16stake, said it has already voted against Elon Musk's pay package.
00:19NBIM said it values Musk's leadership but opposes his pay package due to its size,
00:24dilution, and key person risk, while pledging ongoing dialogue with Tesla.
00:27The proposal has faced opposition from watchdog groups and unions, and proxy firms ISS and
00:32Glass-Lewis would charge investors to vote against it, plus dismissed critics of his pay plan,
00:37calling proxy firms ISS and Glass-Lewis corporate terrorists, and warning on X that if a proposal
00:42was rejected, he would not continue leading Tesla.
00:45Share is called 2.5% in pre-market trading.
00:48For all things money, visit Benzinga.com.
Comments