Tesla's close-knit leadership team goes under the spotlight in court | CNN Business

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Tesla's close-knit leadership team goes under the spotlight in court | CNN Business
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The Tesla board of directors that created the largest compensation package in history for CEO Elon Musk was stocked with friends of Musk, according to court testimony.

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“Yes we’re friends,” former Tesla board member Antonio Gracias said after a long line of questions about his relationships with Elon Musk and his brother Kimbal Musk, who is also on Tesla’s board. “Yes, I mean, yes, yes, yes, yes.” This potential conflict of interest may be problematic as Tesla says its board of directors has a legal responsibility for shareholders’ money in addition to overseeing management, which includes Elon Musk. Plaintiff Richard J.

“Even though I believe in Tesla deeply I felt the level of difficulty of these milestones was so high that for a mere mortal like me, I did not find this as a compelling incentive plan at a personal level,” former Tesla chief financial officer Deepak Ahuja testified earlier this week.

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