#sovereign-wealth-fund

#sovereign-wealth-fund

Norway's sovereign wealth fund has said it will vote against a $1tn (765bn) pay package for the Tesla chief executive, Elon Musk. The fund, which is the biggest national wealth fund in the world, said that while it appreciated the the significant value created under Mr Musk's visionary role it would vote against his performance award. We are concerned about the total size of the award, dilution and lack of mitigation of key person risk consistent with our views on executive compensation, it said.

Some might argue that we're committing too little too late; others will point out the volatility and speculative nature of the investment. Yet, given the FSIL's particular profile and mission, the fund's management board concluded that a 1% allocation strikes the right balance, while sending a clear message about bitcoin's long-term potential.

Norway is voting on Monday to elect its next parliament in what is expected to be a close race between a centre-left bloc led by the incumbent Labour Party and a centre-right bloc dominated by the populist Progress Party and Conservatives. Among the issues that could decide the vote are inequality and taxation, as well as growing controversy surrounding Norway's sovereign wealth fund, which is facing scrutiny domestically and internationally over its investment in companies tied to Israel, amid the war on Gaza.

The Machine Economy represents not just process optimization but a profound shift in the underlying forces that drive economics, as machines take more control over economic functions.

Gelsinger emphasized that while American companies are making significant breakthroughs in technology, the challenge lies in scaling these innovations, which requires patient, long-term capital typically unavailable from traditional financing.