The salary package that made a quarrel between Musk and the Norwegian Wealth Fund

Acute and personal confrontation was discovered between Elon Musk, the richest man in the world, and between Nikolai Tengen, the director of the Norwegian wealth fund, one of the biggest bioIn the world. Text messages that the two exchanged around Musk’s tremendous compensation package, an order rejected for dinner and claims to leaks to the media have been exposed to the last few days on the Norwegian website, and they present The dilapidated relationship between the billionaire, which is currently regularly in the international headlines, and between the fund, which is one of the largest holdings at Tesla owned by Musk.

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The affair started last October. Tangan, who heads the fund, compared $ 1.75 trillion, holding shares of about 1.5% of all the world’s traded companies, sent a message what appears like IMESSAGE (Apple’s messaging service) to Musk, where he invites him to dinner with other companies in his home. The Norwegian Fund holds about 1% in Tesla, and is 11th in the ranking of the largest shareholders in the electric vehicles.

“I will have dear to come”

Musk answered relatively sharply, which was due to the fact that the fund voted against Tesla’s tremendous compensation package, which was estimated at $ 56 billion in voting, and has since grown (due to the rise of the electric vehicles) to $ 100 billion.

“It will be difficult for me, and very expensive to come,” Musk wrote, adding: “When I ask you for a favor, what I hardly do, and you refuse, so I expect you to ask me a favor, until you did something to make up for me. Be friends it behaves Like friends, “Musk concluded. Tangan answered relatively heartfelt: “I have accepted and understand completely. As big shareholders, we encourage your success. Good luck with everything.”

But a few days later, the Norwegian media news was published that Mess had refused to attend dinner, including some of the quotes. Musk was furious and sent to Tangan question: “Did you move my message to the press?” He accompanied her in the messages he received from addicts, which states that Tangan “published the fact that you did not come to Oslo,” and that he should be careful “from Teen’s political aspirations.” “All newspapers in Oslo report that she refused to come to a dinner at Tangan,” one of his acquaintances wrote.

What Esk did not know, he, as part of the laws of Norwegian freedom of information, and because of the fact that the Norwegian wealth fund is a government supervised by a government supervision, all the output and incoming messages of Tangan are advertised and famous in case they are related to the fund’s investments. Tangan tried to explain this to Musk in another message. “Unfortunately everything I send or receive becomes automatically public. It’s our media department, and not in my control,” he wrote.

He flipped a little to Musk, saying that “Norway as a whole in obsession with you, but the messages are not on your image. Still, sorry for the island of land caused.”

A struggle with the privacy question

The additional messages were revealed on Tuesday, the Norwegian business website E24, at the end of a legal battle of months around the question of whether these messages are private or those related to investment. In fact, the fact that Musk has a connection between the order and the “good” she asked the fund is the basis of public exposure.

Now a storm in Norway, partly because Tangan – who has been headed by the foundation for the past three years and is often interviewed for international media and appearing in economic conferences – wrote in messages that he is “sorry” about their exposure. “This is a disrespect for the democratic principles,” wrote a commentator on the E24, which justified the freedom of information mechanisms that force the fund to publish the correspondence of its head.

On Wednesday, the Norwegian wealth fund reported that in the past year, a 13%return was registered, which accounts for about 222 billion norms ($ 20 billion).