- Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.
Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company saidThe company said its directors reviewed the composition of the board “focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently.
Gracias has been an independent director at Tesla since 2010. Last May, proxy adviser ISS recommended that investors vote against his election to the board and called him a non-independent director. The proposed changes in the board come a couple of weeks after Elon Musk’s position as the chief executive officer of Tesla was secured after a federal judge urged the billionaire to settle contempt allegations by the U.S. Securities and Exchange Commission over his use of Twitter.
I don't think that's the answer.
Most didn’t speak in Board meetings ...
What Tesla needs is less Board oversight 🤣🤣🤣
If it drops the cost ofTesla automobile down by $5000 do it.
I'm worried about Elon, have you seen his Twitter lately? 🤣🤣✌
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