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Elon Musk declined a dinner invitation from Nicolai Tangen, CEO of Norway’s $1.7 trillion wealth fund, after the fund voted against his $56 billion pay package, which has since appreciated to around $100 billion. Musk expressed disappointment, stating, “friends are as friends do,” and questioned Tangen about potential media leaks of their messages. Tangen clarified that under Norway’s transparency laws, all communications are public, and he wished Musk luck as a shareholder.
Elon Musk declined a dinner invitation from Nicolai Tangen, head of Norway's $1.7 trillion oil fund, after the fund voted against his $100 billion pay package. Musk criticized Tangen for not being a good friend and expressed that attending would be "very difficult and expensive." Tangen clarified that the messages were public information and wished Musk well as a major Tesla shareholder.
Elon Musk declined an invitation to dinner from Nicolai Tangen, CEO of Norway’s $1.4 trillion sovereign wealth fund, after the fund voted against ratifying Musk's controversial pay package. Musk expressed his disappointment over the fund's decision, which he felt warranted a lack of future favors. Tangen clarified that his messages were public records, and Musk later criticized him as a "dangerous politician" for allegedly using the fund for self-promotion.
Elon Musk and Nicolai Tangen, CEO of Norway's oil fund, had a clash after the fund voted against Musk's $56bn pay package, the largest for a CEO in the U.S. Musk declined Tangen's dinner invitation, expressing disappointment over the vote. The oil fund has a history of opposing excessive executive compensation, emphasizing performance-based pay.
Elon Musk and Nicolai Tangen, CEO of Norway's sovereign wealth fund, have had a public disagreement following the fund's vote against Musk's $56 billion pay package at Tesla's annual meeting. Tangen invited Musk to a conference and dinner, which Musk declined, stating that Tangen should not ask for favors until he makes amends for the previous vote. The fund, a significant Tesla investor, later acknowledged the exchange, linking it to their voting record.
Elon Musk and Nicolai Tangen, CEO of Norway's sovereign wealth fund, have had a public disagreement following the fund's vote against Musk's $56 billion pay package. Tangen invited Musk to a conference and dinner, which Musk declined, stating that Tangen should not ask for favors until he makes amends. Tangen acknowledged Musk's message, expressing support as a major shareholder.
Billionaire Stanley Druckenmiller has sold over $2.5 billion in stocks, including his entire stake in Nvidia and most of Palantir, to invest approximately $30.3 million in Teva Pharmaceutical, which has seen a 100% stock surge in 2024. Druckenmiller expressed concerns about the Federal Reserve potentially cutting rates too soon, shifting his focus from economic worries to inflation as he questions whether the Fed has prematurely declared victory over inflation.
Norway's $1.8 trillion sovereign wealth fund thrives on a rare political consensus, according to CEO Nicolai Tangen. This stability allows for a consistent investment philosophy that remains unchanged despite government transitions, contributing to the fund's success.
Nicolai Tangen
People
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Musk declines dinner invite from Norway wealth fund CEO after pay deal vote
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