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Elon Musk Podcast

Elon Musk Vs. Tesla Shareholders

Jun 10, 2024
Discussing Tesla's shareholders voting on Elon Musk's $56 billion pay package, concerns over excessive compensation, Glass Lewis warning against its size, Norway's sovereign wealth fund's opposition, and exploration of Musk's achievements and responsibilities. Also, exploring mealtime inspiration, cognitive help supplements, and festival competitions.
07:08

Podcast summary created with Snipd AI

Quick takeaways

  • Norway's sovereign wealth fund opposes Elon Musk's $56 billion pay package due to excessive CEO compensation.
  • Glass Lewis objects to Elon Musk's compensation package for its potential distraction from Tesla's performance.

Deep dives

Norway's Opposition to Elon Musk's $56 Billion Pay Package

Norway's $1.7 trillion sovereign wealth fund announced opposition to Elon Musk's $56 billion pay package, citing concerns over excessive CEO compensation and lacking key person risk mitigation. The fund invalidated a previous pay package due to its size, urging constructive dialogue with Tesla. Despite Tesla's board urging reaffirmation, shareholder advisory firm Glass Lewis opposed the package for its size and potential impact.

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