More outcry against high executive pay

|By:, SA News Editor

The world's biggest sovereign wealth fund is launching a crackdown on executive pay, targeting high salaries at firms around the globe in an attempt to exert its influence in a debate that has been increasingly gathering pace.

Although previously refusing to interfere in the matter, Norway's $870B oil fund is reportedly gearing up to publicly target a company on pay in the coming months.

The fund's influence is significant given it owns an average of 1.3% of every listed company in the world.

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