From Yahoo Finance: 2024-05-18 18:04:00

Tesla’s Chairwoman Robyn Denholm, listed among Fortune’s Most Powerful Women, defended the board’s oversight of CEO Elon Musk after a Delaware judge criticized. The judge voided Musk’s $50 billion compensation package and accused Denholm of being “lackadaisical”. Denholm refuted this claim, stating her diligence and independence, heightened by the $280 million windfall from selling Tesla stock options. She argued that her wealth does not compromise her objectivity and supports Musk’s compensation due to the company’s performance. Denholm emphasized the board’s role in ensuring shareholder value growth and preparation for Tesla’s critical annual meeting on June 13. Shareholders will vote on Musk’s pay package and the company’s move to reincorporate in Texas, amidst challenges of slow EV sales and layoffs.



Read more at Yahoo Finance: Tesla chair says life-changing wealth boosts her independence as she blasts judge’s critique of ‘lackadaisical’ oversight of Elon Musk—’That is crap’