Tesla Ousts 4 Pro-Elon Musk Directors, Weeks After Shareholders Sue Board

Tesla Ousts 4 Pro-Elon Musk Directors, Weeks After Shareholders Sue Board

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By CCN.com: Four members of Tesla’s board of directors are stepping down and won’t stand for re-election once their terms end. CEO Elon Musk remains, but the Tesla board will eventually drop from 11 to seven members by 2021. The electric car maker revealed the surprising news in an April 18 SEC filing. Tesla says the realignment was needed to streamline the board so it can “operate more nimbly and efficiently.” The four departing board members are: Brad Buss. Antonio Gracias. Stephen Jurvetson. Linda Johnson Rice. Shareholders Sued Tesla’s 11-Member Board The changes come several weeks after Tesla’s entire 11-member board

The post Tesla Ousts 4 Pro-Elon Musk Directors, Weeks After Shareholders Sue Board appeared first on CCN

17 thoughts on “Tesla Ousts 4 Pro-Elon Musk Directors, Weeks After Shareholders Sue Board

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