Tesla’s Board Have the Moral Fortitude of a Damp Cheeseburger
Tesla’s board should be a check on Musk’s power, but they’ve become Musk’s biggest enablers. From wild conspiracy tweets to unchecked billion-dollar payouts, where is the accountability?
In a Delaware courtroom In January 2024, Judge Kathaleen McCormick dropped a bombshell. With a few choice words, she effectively told the world that Tesla’s board of directors — supposedly the watchdogs of one of the most valuable companies in the United States — had all the backbone of a chocolate eclair left out in the Fremont sun.
The judge had just voided Elon Musk’s $56 billion compensation package, calling it “an unfathomable sum” born from a “deeply flawed” process.
You’d think that kind of judicial smackdown would prompt some serious soul-searching in Tesla’s boardroom. Maybe a few resignations, or at least a strongly worded memo about the importance of independent oversight.
But no.
This is Tesla after all.
Where responsibility goes to die.
The Watchdogs That Didn’t Bark
Tesla’s board might just take the cake for the most spectacular non-performance in recent memory. These individuals, handpicked to safeguard the interests of shareholders and provide…