Responsible Investing

Analysis: Nordic investors versus Elon Musk - Testing the power of shareholder influence

Can Nordic investors convince the wealthiest man on the planet that he must back down and accept collective labor agreements? Well, so far investors don’t even agree on how to tackle the issue. 
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Pr / Jan Bjarke Mindegaard
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Pr / Jan Bjarke Mindegaard
By Flemming Højbo

A remarkable power struggle is taking place between Nordic investors and the world’s richest man. Tesla’s refusal to sign collective labor agreements in Sweden has led to a labor dispute, and Nordic pension investors and asset managers are trying to convince Elon Musk and Tesla to obey the Nordic Model of workers’ rights.

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