Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights

Swedish pension funds AMF and AP7 and Norway’s Oil Fund say they will continue to hold shares in Tesla despite concerns over corporate governance.

Tesla's CEO and controlling shareholder, Elon Musk, campaigned widely ahead of the AGM to urge shareholders to use their votes. | Photo: Chris Delmas / AFP / Ritzau Scanpix

by BIBI CHRISTENSEN

The annual shareholders’ meeting at Tesla on 13 June appeared to be a massive vote of confidence in CEO Elon Musk, with a hotly contested USD 46bn pay package passed by approximately 72% of investors.

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Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights

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Swedish investors lead push against Tesla on workers’ rights

Oil Fund to vote against Elon Musk pay package at Tesla AGM

Analysis: AGM defeats expose investors' lack of power

Sign up for our newsletter

Front page now

Real estate fund is doing well despite turbulent beginning: "The stock market is brutally honest"

More than a third of private banking clients consider leaving Danish bank

Stricter rules prompt Norwegian asset managers to shift funds abroad

Managing director explains why Norway remains excluded from Invesco's portfolio

Danish FSA criticizes sustainable pension products

Norway's government hopes for "ripple effects" from new state fund in Tromsø

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"We have both the skills and the means": Pension company fights for urban wildlife

Carnegie Fonder CEO optimistic about merging cultures after D&G takeover

Further reading

Swedish investors lead push against Tesla on workers’ rights

Nordea joins investors criticizing "dysfunction" of Tesla board

Oil Fund to vote against Elon Musk pay package at Tesla AGM

Sweden still failing to reach target for female board representation

Stricter rules prompt Norwegian asset managers to shift funds abroad

Managing director explains why Norway remains excluded from Invesco's portfolio