Norway wealth fund to vote against Musk's $56b Tesla pay package

Norway wealth fund to vote against Musk's $56b Tesla pay package

Rege-Jean Page looks at Elon Musk as they arrive at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly

Norway‘s $1.7-trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk’s $56-billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year.