Senator Elizabeth Warren has written to Dr. Robyn Denholm, Tesla’s Board chair, to raise questions about conflicts of interest, use of Tesla resources for Twitter, and other concerns over Elon Musk’s Twitter acquisition. The full text is below. Highlights [footnotes omitted]: Mr. Musk’s acquisition created unavoidable conflicts of interest. For example, Twitter relies on advertising…
Tag: Tesla
Challenge to Musk’s $56 BILLION Pay Package
From Rebecca Bellan via Veritas: As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court to defend his $56 billion Tesla pay package. Richard Tornetta, a Tesla shareholder who filed suit in 2019 to rescind Musk’s 2018 pay deal, claims the package — “the largest compensation grant…
Twitter schedules shareholder vote for embattled Elon Musk deal – The Washington Post
Nell Minow, a corporate governance expert who is vice chair of ValueEdge Advisors, said Twitter’s timing for the shareholder vote, which is a required step in completing the deal, is probably not a coincidence. Holding the shareholder vote before the trial signals that Twitter is continuing the deal as normal.“I think it’s strategic,” she said….
Elon Musk Lashes Out After Tesla Dropped From ‘Social Good’ S&P ESG Index
Elon Musk lashed out on Wednesday on Twitter—the social media platform he has perhaps pretended he will buy—to complain that Tesla has been dropped from a stock market index that includes companies committed to the environment, social concerns like diversity, and corporate governance. “ESG is an outrageous scam!” Musk said, referring to the acronym that…
Tesla’s Growing Investor Revolt | Morningstar
Tesla (TSLA) shares have skyrocketed by more than 1,400% over the past three years, but that doesn’t mean its shareholders are entirely happy with the company’s management. There’s a growing shareholder revolt around Tesla’s handling of employees, diversity, and its board of directors that played out at its most recent company meeting. If it weren’t…
Four Tesla directors to leave in governance overhaul | Financial Times
Tesla disclosed that four of its directors are to step down as part of a governance overhaul at the electric car maker, following criticism in recent months of the board’s failure to exert more control over chief executive Elon Musk. The shake-up was announced late on Friday, and came after the company’s new independent chairwoman,…
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