The Norway sovereign-wealth fund has rejected Tesla CEO Elon Musk’s new pay package worth over $1 trillion, citing concerns about the size of the award and dilution of key person risk. Norges Bank Investment Management, which manages the $1.9 trillion fund, stated that they appreciate the value created under Mr. Musk’s leadership but disagree with the package’s total size and mitigation measures for executive compensation risks.
Source: https://www.wsj.com/business/autos/major-tesla-investor-rejects-elon-musks-1-trillion-pay-deal-a55d2e68