He said, “CEOs who earn more than, say, US$20 million a year, are enriching themselves on our behalf. It’s like daylight robbery.”
A Singaporean recently took to social media to share a report featuring Nicolai Tangen, CEO of Norway’s sovereign wealth fund, who has voiced criticism against the high earnings of top executives. Mr Tangen has called out CEOs earning over US$20 million a year, describing it as “daylight robbery” and “enriching themselves on our behalf.”
Fortune reported in January 2023 that Mr Tangen’s fund, managing over US$1 trillion in assets, holds stakes in about 1-2% of every large publicly listed company worldwide, making it one of the world’s largest. His approach is not just about returns as he actively promotes environmental, social, and governance principles. He pushes companies to set net-zero targets, curb excessive executive compensation, and diversify their boards while advocating for the separation of CEO and chairman roles.
Man says his girlfriend goes on “hunger strikes” whenever he doesn’t pay for her food or makes her upsetSingapore’s female HENRYs reveal why they don’t date men who earn less than them“This is outright inhumane,” Singaporean slammed online for asking if “HDB bomb shelter” is suitable for a helper to live in
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