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Tesla Directors Settle Pay Dispute for $919 Million, Marking Delaware's Second-Largest Settlement
2025-01-09
On Wednesday, key members of Tesla's board of directors, comprising Chairman Robyn Denholm and James Murdoch, agreed to a $919 million settlement. This historic agreement resolves a lawsuit brought by the Detroit Police and Fire Retirement System in 2020, which alleged that Tesla directors received excessive compensation from 2017 to 2020. The settlement amount stands as the second-largest in the history of the Delaware Court of Chancery.
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