08-06-2018 23:29 via yahoo.com

Shareholder lawsuit attacks Musk's pay, seeks to overhaul Tesla board

Elon Musk's multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law suit filed by a shareholder on Thursday.The lawsuit accused the board of corporate waste and Musk, the company's chief executive officer and chairman, of unjust enrichment.Tesla said in a statement that the lawsuit "seeks to take the power from our shareholders and instead give it to plaintiffs lawy
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