Get the latest tech news
Tesla chairwoman misled investors about ruling on CEO pay: judge — Robyn Denholm described voting in favour of pay deal as ‘a powerful elixir that could cure fiduciary wrongdoing’
The Delaware court, which ruled against the Tesla chief executive’s $155 billion pay packet, says the carmaker’s chairwoman made “false” statements.
The US judge who ruled against Elon Musk’s massive pay package as chief executive of Tesla has accused the carmaker’s chairwoman Robyn Denholm of misleading investors about what her court had originally found. Delaware Chancery Court judge Kathaleen McCormick originally ruled in February that a package of shares handed to the billionaire six years ago – now worth $US100 billion ($155 billion) – could not be justified and had been made by a board too close to Mr Musk. Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years.
Or read this on r/technology