Tesla Chairman Under Scrutiny for Elon Musk Surveillance
Robyn Denholm, who has led the electric car maker's board for more than five years, has been criticized for failing to serve as a check on Mr. Musk. Elon Musk, the CEO and public face of Tesla, is constantly in the news and broadcasts his opinions on his social networking site, electric car maker has another leader - someone who maintains a much lower profile.
For more than five years, Tesla's board of directors has been led by Robyn M. Denholm, a technology executive who rarely speaks outside publicly. her native Australia and posts almost nothing on transform Tesla. become the most valuable automobile manufacturer in the world. But in the eyes of her critics, she failed at her most important job: serving as a check on Mr. Musk.
Late last month, a judge in the Delaware sharply criticized Ms. Denholm's behavior. leadership while canceling Mr. Musk's 2018 compensation package, worth more than $50 billion. Ms. Denholm took a “lackadaisical approach to her oversight obligations” at Tesla, said Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery.
The judge also questioned whether Ms. Denholm could be independent of Mr. Musk, because her position on the Tesla board had earned her more than $280 million. In court last year, Ms Denholm described the pay as “life-changing”. His compensation far exceeds what other major U.S. companies like Apple and Alphabet, Google's parent company, pay to their independent board chairs.
" Musk operates as if he were free from board oversight," the judge said in her ruling.
Mr. Musk spoke out against the decision and said he planned to ask shareholders to allow Tesla to move his company to Texas, where the company is headquartered. The court's ruling also means the board must develop a new salary package for him.
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Robyn Denholm, who has led the electric car maker's board for more than five years, has been criticized for failing to serve as a check on Mr. Musk. Elon Musk, the CEO and public face of Tesla, is constantly in the news and broadcasts his opinions on his social networking site, electric car maker has another leader - someone who maintains a much lower profile.
For more than five years, Tesla's board of directors has been led by Robyn M. Denholm, a technology executive who rarely speaks outside publicly. her native Australia and posts almost nothing on transform Tesla. become the most valuable automobile manufacturer in the world. But in the eyes of her critics, she failed at her most important job: serving as a check on Mr. Musk.
Late last month, a judge in the Delaware sharply criticized Ms. Denholm's behavior. leadership while canceling Mr. Musk's 2018 compensation package, worth more than $50 billion. Ms. Denholm took a “lackadaisical approach to her oversight obligations” at Tesla, said Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery.
The judge also questioned whether Ms. Denholm could be independent of Mr. Musk, because her position on the Tesla board had earned her more than $280 million. In court last year, Ms Denholm described the pay as “life-changing”. His compensation far exceeds what other major U.S. companies like Apple and Alphabet, Google's parent company, pay to their independent board chairs.
" Musk operates as if he were free from board oversight," the judge said in her ruling.
Mr. Musk spoke out against the decision and said he planned to ask shareholders to allow Tesla to move his company to Texas, where the company is headquartered. The court's ruling also means the board must develop a new salary package for him.
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