{"id":61634,"date":"2025-11-04T18:23:56","date_gmt":"2025-11-04T18:23:56","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund"},"modified":"2025-11-04T19:15:06","modified_gmt":"2025-11-04T19:15:06","slug":"elon-musks-1t-pay-plan-opposed-by-norway-fund","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund","title":{"rendered":"Elon Musk’s $1T Pay Plan Opposed by Norway Fund"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote against Elon Musk\u2019s $1 trillion pay package at Tesla\u2019s annual shareholder meeting later this week.<\/p>\n

NBIM, the fund’s manager and one of Tesla’s largest shareholders, announced it had previously voted against Musk’s compensation package as the company’s CEO.<\/p>\n

\u201cWhile we appreciate the significant value created under Mr. Musk\u2019s 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,\u201d NBIM said in a statement. “We will continue to seek constructive dialogue with Tesla on this and other topics.”<\/p>\n

Norway\u2019s wealth fund holds a 1.14% stake in Tesla, according to its half-year filings in June. The value of the investment was last declared to be 118.3 billion Norwegian kroner ($11.6 billion).<\/p>\n

The $1 trillion stems from an executive compensation plan proposed by Tesla\u2019s board in September. Musk, who is the richest person in the world, would receive 12 tranches of shares if Tesla meets specific performance benchmarks in the next 10 years.<\/p>\n

Musk would obtain more than 423 million additional shares as part of the full package. He owns about 13% of the company.<\/p>\n

The proposed plan has faced criticism from unions and corporate governance groups, sparking the \u201cTake Back Tesla” protest campaign, which recommends investors reject the plan.<\/p>\n

\u201cTesla is worth more than all other automotive companies combined,\u201d Musk wrote on his US social media company X last month in response to criticism of the pay proposal. \u201cWhich of those CEOs would you like to run Tesla? It won\u2019t be me.\u201d<\/p>\n

Musk and NBIM, meanwhile, have argued about the package.<\/p>\n

After a US judge revoked Musk’s $56 billion compensation agreement last year, NBIM voted against reintroducing it. In the end, the package, the biggest public executive compensation plan in American history, was accepted by Tesla’s shareholders.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote against Elon Musk\u2019s $1 trillion pay package at Tesla\u2019s annual shareholder meeting later this week. NBIM, the fund’s manager and one of Tesla’s largest shareholders, announced it had previously voted against Musk’s compensation package as the […]<\/p>\n","protected":false},"author":84,"featured_media":61633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[6990,189,241,6102,6991,191],"class_list":["post-61634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-compensation-plan","tag-elon-musk","tag-mauritius","tag-nbim","tag-norway-wealth-fund","tag-tesla"],"yoast_head":"\nElon Musk's $1T Pay Plan Opposed by Norway Fund - Mauritius<\/title>\n<meta name=\"description\" content=\"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk's $1T Pay Plan Opposed by Norway Fund\" \/>\n<meta property=\"og:description\" content=\"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-04T18:23:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-04T19:15:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Elon Musk’s $1T Pay Plan Opposed by Norway Fund\",\"datePublished\":\"2025-11-04T18:23:56+00:00\",\"dateModified\":\"2025-11-04T19:15:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg\",\"keywords\":[\"compensation plan\",\"Elon Musk\",\"Mauritius\",\"NBIM\",\"Norway Wealth Fund\",\"Tesla\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\",\"name\":\"Elon Musk's $1T Pay Plan Opposed by Norway Fund - Mauritius\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg\",\"datePublished\":\"2025-11-04T18:23:56+00:00\",\"dateModified\":\"2025-11-04T19:15:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg\",\"width\":864,\"height\":486,\"caption\":\"Elon Musk's $1T Pay Plan Opposed by Norway Fund\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mauritius\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elon Musk’s $1T Pay Plan Opposed by Norway Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/\",\"name\":\"Mauritius\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Elon Musk's $1T Pay Plan Opposed by Norway Fund - Mauritius","description":"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund","og_locale":"en_US","og_type":"article","og_title":"Elon Musk's $1T Pay Plan Opposed by Norway Fund","og_description":"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...","og_url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund","og_site_name":"Mauritius","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-11-04T18:23:56+00:00","article_modified_time":"2025-11-04T19:15:06+00:00","og_image":[{"width":864,"height":486,"url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Elon Musk’s $1T Pay Plan Opposed by Norway Fund","datePublished":"2025-11-04T18:23:56+00:00","dateModified":"2025-11-04T19:15:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund"},"wordCount":344,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg","keywords":["compensation plan","Elon Musk","Mauritius","NBIM","Norway Wealth Fund","Tesla"],"articleSection":["all news","miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund","url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund","name":"Elon Musk's $1T Pay Plan Opposed by Norway Fund - Mauritius","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg","datePublished":"2025-11-04T18:23:56+00:00","dateModified":"2025-11-04T19:15:06+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The world\u2019s largest sovereign wealth fund, Norges Bank Investment Management (NBIM), announced Tuesday it will vote agai ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#primaryimage","url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg","contentUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/11\/sm_1762270740.746657.jpg","width":864,"height":486,"caption":"Elon Musk's $1T Pay Plan Opposed by Norway Fund"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/elon-musks-1t-pay-plan-opposed-by-norway-fund#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mauritius\/"},{"@type":"ListItem","position":2,"name":"Elon Musk’s $1T Pay Plan Opposed by Norway Fund"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mauritius\/#website","url":"https:\/\/www.africa-press.net\/mauritius\/","name":"Mauritius","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/61634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/comments?post=61634"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/61634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media\/61633"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media?parent=61634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/categories?post=61634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/tags?post=61634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}