Major Tesla investor rejects Elon Musk’s $1 trillion pay deal

Wall Street Journal: Norway’s sovereign-wealth fund is the first major institutional investor to disclose how it voted.

“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,” it said in a statement..

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