A Delaware court has approved a settlement worth up to $919 million in a case alleging that Tesla directors overpaid themselves. The settlement requires directors, including Chair Robyn Denholm and James Murdoch, to return compensation to the carmaker.
This resolution addresses allegations of excessive pay and demonstrates accountability within Tesla's board. The return of a substantial sum to the company is a positive outcome for shareholders.
The court's approval concludes a significant legal proceeding, removing a governance-related overhang and potentially enhancing investor confidence in the company's oversight mechanisms.
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