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Anyone know the difference between the proposed settlement he turned down and the one he accepted? I'm very curious!
by e40 8y ago
Anyone know the difference between the proposed settlement he turned down and the one he accepted? I'm very curious!
- av3csr 8y agoFor one the original proposed settlement apparently had a 2 year ban (don't know if it only applied to the chairman title or CEO as well), and him stepping down was meant to happen within a 60 day period.
- rst 8y agoPer multiple reports, the fine was doubled.
- kentm 8y agohttps://www.nytimes.com/2018/09/28/business/elon-musk-tesla-sec-deal.html https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-... The plan, as it was negotiated by lawyers, was for Mr. Musk to step down as chairman of Tesla within 45 days and not resume that post for two years. The company, also a party to the proposed agreement, would add two new directors to its board. Mr. Musk and the company would pay tens of millions of dollars in fines, according to the people, who requested anonymity because they were not authorized to speak publicly.