Last month, Chancellor McCormick approved the settlement in Tesla’s big director compensation case. Although the amounts in this case were dwarfed by Tornetta, the directors are returning and forgoing about $920 million in total value – that’s a big deal! This Reuters article summarizes: The settlement requires Tesla board members including Denholm and Murdoch to return roughly $277 million in cash, […]

Director Compensation: Settlement Approved in the “Other” Tesla Litigation