Norway's sovereign wealth fund to vote against Apple management's pay plan


FILE PHOTO: The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store January 18, 2011. REUTERS/Mike Segar/File Photo/File Photo

OSLO (Reuters) -Norway's $1.3 trillion sovereign wealth fund, the world's largest, will vote against ratification of tech giant Apple Inc's management remuneration plan after an advisory firm urged investors to act, the fund's manager said on Sunday.

The Norwegian fund owns 1.03% of Apple's shares, making it the company's eighth largest shareholder, according to Refinitiv data.

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