Elon Musk Admits He Made Decisions At Tesla Without Board Approval | Carscoops carscoops
Tesla shareholder Richard Tornetta has sued Musk and the board, asserting that the entrepreneur used his dominance over Tesla’s board to dictate terms of the package. Tornetta’s lawyer claims that the pay package was formed around easy-to-achieve targets and did not require Musk to work full-time at Tesla.that he made decisions about Tesla without board approval, including his move to pause the acceptance of Bitcoin payments due to environmental concerns.
What’s more, Musk also asserted that he sometimes tweeted about the automaker without clearing the messages with a Tesla lawyer as required by a 2018 settlement with the U.S. Securities and Exchange Commission.Musk claimed that he was “entirely focused on the execution of the company” during 2017 and said that he did not dictate the terms of the pay plan.
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