{"id":820508,"date":"2024-06-10T10:59:38","date_gmt":"2024-06-10T05:29:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=820508"},"modified":"2024-06-10T11:45:55","modified_gmt":"2024-06-10T06:15:55","slug":"norway-wealth-fund-to-vote-against-elon-musks-56-billion-tesla-pay-package","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/10\/norway-wealth-fund-to-vote-against-elon-musks-56-billion-tesla-pay-package\/","title":{"rendered":"Norway wealth fund to vote against Elon Musk&#8217;s $56 billion Tesla pay package"},"content":{"rendered":"<p>Norway&#8217;s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk&#8217;s $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. <\/p>\n<p>The fund is Tesla&#8217;s eighth-biggest shareholder, according to LSEG data. <\/p>\n<p>Musk&#8217;s pay, the largest for a chief executive in corporate America, was approved in 2018, but voided by a judge earlier this year, who said the amount was unfair to shareholders, calling it an &#8220;unfathomable sum&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway&#8217;s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk&#8217;s $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla&#8217;s eighth-biggest shareholder, according to LSEG data. Musk&#8217;s pay, the largest for a chief executive in corporate America, was approved in 2018, but voided by a judge earlier this year, who said the amount was unfair to shareholders, calling it an &#8220;unfathomable sum&#8221;.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-820508","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=820508"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820508\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}