World's Largest Wealth Fund Says Companies Pay CEOs All Wrong
- Norway oil fund has said it favors pay caps, restricted shares
- Fund still endorsed 92% of comp packages at S&P 500 firms
Photographer: Simon Dawson/Bloomberg
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Norway’s $1 trillion sovereign wealth fund last year sent a clear message to big U.S. companies: You should rethink how CEOs are paid.
But 18 months after publishing its contrarian views on executive compensation, there’s scant evidence the fund that owns 1.4 percent of the world’s publicly traded stock is taking directors of major American firms to task.