Norway wealth fund to vote against Musk’s $1 trillion Tesla pay package

OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk’s proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.

Investors in the electric-vehicle maker will decide on November 6 whether to approve the package, likely the largest-ever CEO compensation agreement, which critics have called excessive.

(Reporting by Terje Solsvik; Editing by Joe Bavier)