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Elon Musk collided with Nicolai Tangen, managing director of the Norwegian oil fund, after the fund voted against the huge Pay package of the Tesla boss last year how newly published text messages are displayed.
Norges Bank Investment Management (NBIM), which managed 1.7 m from Norway’s oil assets and tied Tesla’s most seventh shareholder with a share of 1 percent against Musks against Musk Pay package last June, the largest for a chief executive in corporate America ,, at Tesla’s annual general meeting.
Labe invited later musk For a dinner – among others with Ferrari boss Benedetto Vigna – in Tangen’s private residence in Oslo. The managing directors of Novo Nordisk, Nestlé, Doordash and Adidas were also invited to take part in dinner in April this year before the annual investment conference of the oil fund in April this year, so former news that became public last year.
The latest correspondence between the two from October shows that Muschus rejected the invitation: “If I ask you for a favor that I rarely do and you should refuse, you shouldn’t ask me about anything about nothing did well again.
“Friends are like friends,” added Musk. The news that was published on Tuesday as part of freedom of information were first reported by E24, a Norwegian business.
Nbim It said it was decided to publish the exchange of news between men in view of the increasing interest in the situation. “As the (messages) show, part of the dialogue was associated with our coordination record in Tesla, where we were, among other things, with Elon Musk’s pay package,” said the company.
Musk was addressed for a comment, but did not answer immediately.
NBIM has long used its participation in global companies to resist large salary packages for managers. The Financial Times announced last year that it was in particular “large salary packages that were not justified by the performance or and was opaque or insufficiently long -term”.
In the messages, Musk also sent a screenshot of correspondence with an unidentified employee, in which the Oilfonds boss is accused of being a dangerous politician, and that he “use political ambitions with the oil fund to promote himself” .
Musks Pay package worth 56 billion USD, when it was originally awarded in 2018, was initially rejected by Delaware Judge Kathaleren McCormick at the beginning of 2024 Again in December Last year by the same judge.
It consists of stock options and, thanks to the increase in Tesla shares since the US election, has now evaluated almost 40 percent of more than $ 100 billion.
Tesla has sworn to make an appeal against the decision. “This decision, if not overturned, means that judges and lawyers from judges and the lawyers of Delaware do more than their lawful owners – the shareholders -,” it said after the decision in December.