Reported 4 months ago
Tesla director Joe Gebbia, who left a key board committee, discussed selling a house from his start-up to CEO Elon Musk. Gebbia's departure from the committee was due to concerns about independence, especially after Musk's call to move Tesla's corporate domicile. Despite lawyers finding no conflict of interest, Gebbia resigned to prevent any attacks on the committee's integrity. The circumstances surrounding Gebbia's exit from the special committee shed light on Tesla's efforts to ensure board independence amidst criticisms, especially ahead of crucial shareholder votes on relocating the company and Musk's pay package.
Source: YAHOO