Tesla Directors Reach $919 Million Settlement Over Excess Pay

Reported about 22 hours ago

A Delaware judge has approved a $919 million settlement involving Tesla directors, including Robyn Denholm and James Murdoch, requiring the return of $277 million in cash and $459 million in stock options amid claims of excessive compensation between 2017 and 2020. The settlement also mandates governance changes for future director pay approvals. This case marks one of the largest settlements in Delaware's history related to shareholder litigation, although the directors did not admit any wrongdoing.

Source: YAHOO

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