Browsing: Regulation

• Tesla directors to pay $919M settlement over excess compensation claims
• Settlement includes $277M cash return, $459M in stock options return
• Board members must forgo 2021-23 stock options worth $184M
• Judge Kathaleen McCormick approved the settlement
• Key directors involved include Chair Robyn Denholm and James Murdoch

• Tesla directors to return $919M in compensation settlement
• Settlement includes $277M cash, $459M stock options, and forfeiture of $184M future options
• Judge Kathaleen McCormick approved the settlement
• Former MoviePass parent company CEO Farnsworth pleads guilty to fraud
• Farnsworth faces up to 25 years in prison while former MoviePass CEO Lowe faces 5 years