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How is it partisan? “ Tesla lawyers and board members scrutinized the project after employees became concerned about how the company planned to use millions of
by michaelteter 3y ago
How is it partisan?
“ Tesla lawyers and board members scrutinized the project after employees became concerned about how the company planned to use millions of dollars in specialized glass that it had ordered.”
And
“ SEC rules require public companies to disclose transactions above $120,000 in which a related party, such as an executive officer, has a material interest.”
If it’s really a matter of spending corporate money on a personal benefit project, then it must be declared and agreed upon by board and or shareholders. Otherwise it is misappropriation.
I’m no lawyer, so my terms may be inaccurate; but that’s the gist of why this is probably worthy of investigation.
- dcgudeman 3y agoOk why is the DOJ looking into it lol?
- michaelteter 3y agoDOJ has broad powers and a broad mandate. Of course it _could_ be used for political reasons, both to go after someone/company or to suppress investigations. We've seen both before. But we've also seen a lot of DOJ efforts ostensibly toward protecting citizens from bad corporate behavior, especially where monopolistic activites are concerned.
- rsynnott 3y agoThe SEC doesn't have _exclusive_ domain over this sort of thing, though it is probably the more natural investigator.
- Zigurd 3y agoGood question. What kind of behavior would fall outside the SEC's purview?