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According to the article, the settlement does not let him proclaim innocence (but it doesn't require him to admit guilt). As I read the article, this part was t
by vilhelm_s 8y ago
According to the article, the settlement does not let him proclaim innocence (but it doesn't require him to admit guilt). As I read the article, this part was the unchanged between the SEC's first offer and the eventual settlement.
- desdiv 8y agoExactly. The original deal was: 1. No admission of guilt 2. Bar from chairmanship for 2 years 3. $10 million fine for Musk and $10 million fine for Tesla The final deal was: 1. No admission of guilt 2. Bar from chairmanship for 3 years 3. $20 million fine for Musk and $20 million fine for Tesla So the 48 hour delay brought Musk nothing in return. [0] https://www.theverge.com/2018/9/29/17918252/elon-musk-tesla-sec-securities-fraud-lawsuit-settlement-fine-penalty https://www.theverge.com/2018/9/29/17918252/elon-musk-tesla-... [1] https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-sec-deal.html https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-...
- Asparagirl 8y agoImportantly, both deals also require adding two new independent directors to the Tesla board. Who will, one presumes, get to see the company’s books, and then vote on what to do about those numbers.