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World’s Biggest Wealth Fund Backed Motion to Split Musk’s Roles at Tesla
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Norway’s $1 trillion wealth fund backed the unsuccessful shareholder proposal to split Elon Musk’s combined roles of chief executive and chairman at Tesla Inc., according to a statement.
The fund was in the minority, as other investors at Tuesday’s annual general meeting in Mountain View, California, supported the current setup. The Norwegian fund held 0.48 percent of Tesla’s stock at the end of 2017.