Norway’s $2T sovereign wealth fund plans to vote against Tesla (TSLA) CEO Elon Musk’s trillion-dollar pay package at the company’s annual shareholder meeting this week, CNBC’s Chloe Taylor reports. Norges Bank Investment Management, which manages the fund, said that “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.” NBIM added that “We will continue to seek constructive dialogue with Tesla on this and other topics.”
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