Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay

Started by Epoch-Times-Bot, Nov 17, 2022, 11:00 PM

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Epoch-Times-Bot

Nov 17, 2022, 11:00 PM
Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay

WILMINGTON, Del—Elon Musk said in court on Wednesday that he made some Tesla Inc. decisions without the approval of the company’s directors, as he defended his $56 billion pay package against claims that 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 obtain an outsized compensation package that did not require him to work at the electric car maker full-time.
Questioned by Tornetta’s lawyer, Greg Varallo, Musk rejected claims that his pay package goals were easy to achieve....

Source: Musk Says He Made Some Tesla Decisions Without Board Nod, Defends $56 Billion Pay

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