In a matter of days, the billionaire entrepreneur has ramped up his embrace of the conservative movement ...
@#7 ... When enough people leave, he'll get ousted by unhappy boards ...
For that to happen, there needs to be non-adulant boards.
Judge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package (January 2024)
www.reuters.com
... The Tesla board has been criticized as failing to provide oversight of its combative, headline-making CEO, who has fought regulators and led several other companies at the same time.
...
The ruling, which can be appealed, nullifies the largest pay package in corporate America. The judge found the share-based compensation was negotiated by directors who appeared beholden to Musk ...
...
McCormick wrote that many of the directors on Tesla's board, including current members Kimbal Musk, Elon Musk's brother, and James Murdoch, son of media tycoon Rupert Murdoch, lacked independence because of their close personal ties with the CEO. Two of Tesla's other current directors, Robyn Denholm and Ira Ehrenpreis, showed a lack of independence in the pay decision, she said. ...
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