Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, announced on Tuesday that it will vote against the proposed compensation package for Tesla CEO Elon Musk, which includes stock options worth up to $1 trillion. The fund stated that such a large compensation package is excessive and does not align with the interests of shareholders. It emphasized that such massive payouts set a dangerous precedent and could undermine investor confidence. This comes after Elon Musk previously proposed this compensation plan, linking it to ambitious growth targets for the company. As one of Tesla's largest shareholders, the Norwegian fund holds significant influence over key corporate decisions.
