Nordea joins investors criticizing "dysfunction" of Tesla board

The asset manager, along with AkademikerPension, is among a group of international investors that have sent an open letter urging Tesla shareholders to reject Elon Musk’s giant pay package.

Nordea's head of responsible investment, Eric Pedersen, says the asset manager would rather maintain its holding in Tesla and engage with other shareholders on concerns over its CEO, Elon Musk. | Photo: PR / Nordea

by BIBI CHRISTENSEN

The biggest asset manager in the Nordics, Nordea Asset Management, has added its voice to investors in Tesla urging other shareholders to use the EV giant’s upcoming AGM to seek changes to the board and to vote against a USD 46bn pay package for CEO Elon Musk.

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Nordea joins investors criticizing "dysfunction" of Tesla board

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Front page now

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

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Ignore the ‘AI revolution’ at your own peril, global investors warn

New Nordic high yield manager keeps attracting inflows

KLP excludes US construction supplier over Gaza connection

Swedish FSA fines church pension fund for failing to limit investment risks

Danish pension fund drops drilling platform investments

Expansion of Nordic team has paid off: Inflows to all core products for US manager