‘Excessive and risky’: Norway’s $2.1 trillion wealth fund to vote against Elon Musk’s $1 trillion Tesla pay package

Norway’s sovereign wealth fund opposes Musk’s $1 trillion compensation package, citing excessive size and risk. Tesla’s board warns Musk may leave if the deal is rejected, urging investors to support the plan. Proxy advisers ISS and Glass Lewis also recommend voting against the package, deeming it too large.