Musk says made some Tesla decisions without board approval, defends $56 billion pay

0
2
Published by
Reuters

By Tom Hals and Hyunjoo Jin WILMINGTON, Del (Reuters) -Elon Musk testified on Wednesday that he made decisions about Tesla Inc, including pausing the acceptance of Bitcoin payments, without director approval as he defended his $56 billion pay package against claims he dictated its terms to a compliant board. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla’s board to craft the compensation package, which did not require him to work at Tesla full-time. Musk said he had made a unilateral call on ending acceptance of the…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.