Wednesday, November 5, 2025 -Norway’s sovereign wealth fund has voted against Elon Musk’s $1 trillion pay package, dealing another challenge to the tech billionaire’s controversial compensation plan.
The fund, one of the world’s largest institutional investors, cited concerns over the size and structure of the package, reflecting growing scrutiny from investors and governance watchdogs on executive pay practices. Musk’s plan, tied to performance milestones for Tesla and his other ventures, has faced criticism for its unprecedented scale.
Public reaction has been polarized. Supporters argue that Musk’s leadership and vision justify the compensation, noting his role in driving innovation and shareholder value.
Critics, however, view the package as excessive, particularly in an era of economic inequality and rising attention on corporate responsibility. The vote signals that large institutional investors are increasingly willing to challenge high-profile executive pay.
The rejection by Norway’s wealth fund may influence other investors and prompt Tesla’s board to reconsider or adjust the compensation structure. It also highlights broader debates over accountability and sustainability in corporate governance, setting the stage for ongoing discussions about executive rewards in the global business community.
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