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Shareholders have sued Tesla for: - Insider trading on the part of Elon relating to the sale of $8B of stock. - Dilution of the shareholders via excessive com
by Spooky23 1y ago
Shareholders have sued Tesla for:
- Insider trading on the part of Elon relating to the sale of $8B of stock.
- Dilution of the shareholders via excessive compensation due to a board substantially lacking independence.
- Conflicts of interest on the part of CEO damaging the company, magnified by the lack of an independent, functional board.
- Various deceptions relating to “Full Self Driving”
- Various other stock manipulation frauds.
There’s obviously controversy about the company and this issue. The Silicon Valley types have so much money now, and their investors have shifted to different sources, the corporate governance stuff is a problem for them. The characterization of Delaware chancery courts as “activist” highlights that.