Carmaker’s seventh biggest single investor will vote against package at annual shareholder meeting

Carmaker’s seventh biggest single investor will vote against package at annual shareholder meeting

Norway’s sovereign wealth fund has said it will vote against a $1tn (£765bn) pay package for the Tesla chief executive, Elon Musk.

The fund, which is the biggest national wealth fund in the world, said that while it appreciated the “the significant value created under Mr Musk’s visionary role” it would vote against his performance award.

“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,” it said. “We will continue to seek constructive dialogue with Tesla on this and other topics.”

  • CharlesDarwin@lemmy.worldEnglish
    2·
    1 day ago

    People talk about owning a Tesla the same way they do a Rolex or Louis handbag. It isn’t that they are bad brands or badly crafted object, but they are not worth the cost of materials.

    So I can only think of the ratio of people in my area that own Teslas as essentially an attempt to, crude as it may sound, “Force the feeling of ‘Being American’”

    I think I feel a bit sick now.