-
Elon Musk agrees to pay $20 million and quit as Tesla chairman in deal with SEC
Under the settlement, which requires court approval, Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days. He cannot seek reelection for three years, according to court filings. He accepted the deal with the SEC "without admitting or denying the allegations of the complaint," according to a court document. The announcement from the SEC comes two days after the agency filed a lawsuit against Musk, claiming he misled investors. The suit centers on tweets Musk sent on August 7 in which he said he had secured funding to take Tesla private at $420 a share, causing the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 29, 2018 10:24pm Sep 29, 2018 10:24pm
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #2
- Quote
- Sep 30, 2018 10:18am Sep 30, 2018 10:18am
- Jr123
- | Joined Jun 2017 | Status: Member | 389 Comments
- Comment #3
- Quote
- Sep 30, 2018 11:51am Sep 30, 2018 11:51am
- yousername
- Joined Mar 2017 | Status: Working smart and hard | 38 Comments
This is not investment/trading advise. Will not hold accountable for loss
- Comment #4
- Quote
- Sep 30, 2018 5:49pm Sep 30, 2018 5:49pm
- Guest
- | IP XXX.XXX.82.188
- Comment #5
- Quote
- Sep 30, 2018 6:46pm Sep 30, 2018 6:46pm
- Bigboynz
- | Joined Jun 2016 | Status: Member | 5 Comments