In a significant move, Norway’s $2 trillion sovereign wealth fund announced its opposition to Elon Musk’s pay package at Tesla’s upcoming shareholder meeting. Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund and a major Tesla shareholder, cited concerns over the award’s size, dilution, and lack of key person risk mitigation as the reasons for its vote. Despite acknowledging the value created under Musk’s leadership, NBIM, which holds a 1.14% stake valued at $11.6 billion, voted against the deal. The fund’s managers have also expressed interest in continuing constructive dialogue with Tesla.
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Starbucks CEO receives nearly $96 million in compensation. This staggering figure has sparked considerable debate, with many questioning whether such a substantial sum is justified for leading a coffee company, however large and successful. The sheer magnitude of the compensation is enough to raise eyebrows; it’s a sum that dwarfs the annual earnings of thousands of average Americans. Some have pointed out the irony of a CEO earning such an immense amount while the company simultaneously faces challenges, including potential layoffs.
The disparity between the CEO’s compensation and the wages of average Starbucks employees is stark and fuels much of the outrage.… Continue reading
A Delaware court rejected Elon Musk’s $101 billion Tesla compensation package, despite shareholder approval. Judge Kathaleen McCormick ruled the package, consisting of stock options, was not in shareholders’ best interests, citing the board’s failure to demonstrate fairness and its close ties to Musk. The judge’s decision stands even after a shareholder vote re-approved the package, emphasizing that ratification doesn’t automatically equate to fairness. Musk, who receives no salary or bonus, argued his compensation was self-negotiated, highlighting the conflict of interest.
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A Delaware judge upheld her previous ruling invalidating Elon Musk’s $56 billion Tesla compensation package, the largest in US history for a public company executive. The judge rejected Tesla’s argument that a subsequent shareholder vote ratified the plan, citing the potential for endless litigation if such actions were allowed. A $345 million attorney fee award was approved for the plaintiffs’ lawyers. Musk may appeal, but despite this setback, his net worth has recently increased significantly due to a surge in Tesla’s stock price following Donald Trump’s election.
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John Q. Hosedrinker 
Matt Underwood