Norway wealth fund to vote against Musk’s $56 billion Tesla pay package
I find it utterly mind-boggling that Elon Musk, the CEO of Tesla, is even considering accepting a $56 billion compensation package. That amount of money is unfathomable to me, especially in the context of a company that has faced its fair share of controversies and setbacks. The Norway wealth fund, a significant shareholder in Tesla, has rightfully decided to take a stand against this exorbitant pay package. It’s refreshing to see investors looking out for the long-term value of the company and its shareholders, rather than blindly supporting excessive CEO compensation.
When you break it down, $56 billion is more than 10% of Tesla’s total capitalization.… Continue reading
John Q. Hosedrinker