Tesla directors to return more than $735 million to company to settle suit challenging compensation
Headline from WOWK Charleston
DOVER, Del. (AP) — Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they u…
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DOVER, Del. (AP) — Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they u…
Members of Tesla’s board of directors have agreed to return $735 million in stock awards to the company as part of a settlement that accused the executives of grossly overpaying themselves.
The Tesla directors were accused of awarding themselves 11 million stock options from 2017 to 2020 that allegedly grossly exceeded norms for a corporate board.
Elon Musk, Larry Ellison and other current and former members of Tesla's board of directors will return $735 million to settle claims that they massively overpaid themselves..
