Microsoft’s 8th largest shareholder is not happy with Satya Nadella’s salary hike; says: The board is responsible for …
Norway’s $2 trillion Sovereign Wealth Fund recently voted against two key proposals involving Microsoft CEO Satya Nadella. At the company’s annual shareholder’s meeting on December 5, the Fund voted against Nadella’s compensation package as well as him continuing as chair of Microsoft’s board. Norway’s Sovereign Wealth Fund is managed by Norges Bank Investment Management. As per LSE, the Fund is Microsoft’s 8th largest shareholders.The Fund owned a 1.35% stake worth $50 billion in Microsoft as of June 30, its second-largest equity holding overall, after AI chip giant Nvidia.
