Tesla is reportedly under investigation by the DOJ and SEC over its mysterious 'Project 42'
www.businessinsider.com
The project was internally believed to involve building a glass house for Elon Musk, the Journal previously reported.

Tesla is reportedly under investigation by the DOJ and SEC over it’s mysterious ‘Project 42’::The project was internally believed to involve building a glass house for Elon Musk, the Journal previously reported.

  • Dntshoot@lemmy.worldEnglish
    2·
    10 months ago

    So if he were to give himself a bonus and use that money to build the house would it still be illegal? Genuinely asking

    • dm_me_your_feet@lemmy.worldEnglish
      11·
      10 months ago

      No CEO of a public company has the power to just “give himself a bonus” if the sum is to be any more than pocket money. The board has to approve it.

    • jonne@infosec.pubEnglish
      6·
      10 months ago

      The board would need to approve of that bonus, and in turn the board is accountable to shareholders. If a CEO starts using a public company as a personal piggy bank, shareholders have grounds to sue.