Tesla Paid Elon Musk Almost $1 Million to Insure its Board Against Lawsuits, Just as Shareholders are Being Urged to Oust him over his $56 Billion Bonus
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- Tesla is paying CEO Elon Musk $1 million to insure its board against lawsuits for up to $100 million, SEC filings revealed on Tuesday.
- Tesla announced in April Musk would be personally insuring its board because it said it couldn't find a reasonable quote from an insurance company.
- Investor adviser PIRC on Tuesday separately recommended Tesla shareholders vote Musk out as CEO over his prospective $55.8 billion bonus pay package...