Sen. Elizabeth Warren, D-Mass., has once again asked the U.S. Securities and Exchange Commission to investigate Tesla, its CEO Elon Musk and the company's board of directors over governance issues.
Sen. Elizabeth Warren , D-Mass., has once again asked the U.S. Sec urities and Exchange Commission to investigate Tesla , its CEO Elon Musk and the company's board of directors over governance issues. In a letter to the agency, she cited concern about"possible misappropriation of Tesla resources and conflicts of interest arising from Mr. Musk's dual role at Tesla and X — renamed from Twitter."Sen. Elizabeth Warren , D-Mass., once again urged the U.S.
Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company's board of directors over what she called,"possible misappropriation of Tesla resources and conflicts of interest arising from Mr. Musk's dual role at Tesla and X— renamed from Twitter." Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklydated March 21, Warren flagged new worries to the federal agency, writing that recent evidence suggests,"Tesla's Board lacks independence from Mr. Musk, who uses his control over the Board for his personal benefits, rather than in the best interest of Tesla's shareholders." Warren's letter refers to a Delaware Chancery court ruling in January this year in which the judge, Kathaleen McCormick, found that Elon Musk controlled Tesla and its board had"breached their fiduciary duties when awarding Musk an 'unfathomable' equity compensation plan worth $55.8 billion.""Mr
Elizabeth Warren SEC Investigation Tesla Elon Musk Governance Issues
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