In a significant move, Norway's sovereign wealth fund has voted against a proposal to grant Tesla CEO Elon Musk a staggering $1 trillion compensation package, raising concerns about executive pay and shareholder interests.
Norway's $2 trillion sovereign wealth fund has voted against Elon Musk's massive pay package at Tesla, defying management guidance amid a heated shareholder meeting. With Musk threatening to step down, tensions are rising as investors express concerns over executive compensation.
In a surprising move, Kohl's Corp. has fired CEO Ashley Buchanan after only four months due to violations involving undisclosed conflicts of interest. Board Chair Michael Bender steps in as interim CEO amid ongoing struggles with declining sales and profits.