Tesla Directors to Return $919M in Historic Pay Settlement

story

JAN 9

Above: James Murdoch departs court in San Francisco, Calif., US, on Feb. 1, 2023. Image copyright: David Paul Morris/Bloomberg/Contributor via Getty Images

story last updated JAN 31

The Spin

Narrative A

The compensation packages were justified given Tesla's extraordinary performance, with the stock value increasing tenfold during the period in question, reflecting the directors' contributions to the company's success. Tesla should consider contesting this decision to protect its ability to reward success.

Benzinga The National

Narrative B

The excessive compensation represented a breach of fiduciary duty, far surpassing industry standards and demonstrating poor corporate governance. It is clear that Tesla's board overpayed itself, and it is only right that the directors are required to return this money.

CNN Fortune