Tesla is naming Oracle's Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk. The company said Friday that Ellison and Kathleen Wilson-Thompson are the new independent directors, effective immediately. Wilson-Thompson spent 17 years at Kellogg and is currently an executive with Walgreens Boots Alliance. While Ellison is the founder and executive chairman of Oracle, the database-management giant.
Main Idea: Tesla added Larry Ellison to its board as part of a settlement with U.S. regulators over CEO Elon Musk’s conduct.
Key Points:
Tesla’s board changes may not fully fix concerns about Elon Musk’s tweets and control, so investors and workers could still face more risk and uncertainty.
More independent directors could improve oversight at Tesla, which may help protect consumers, shareholders, and jobs if decisions become steadier.
Rate how each entity in this article affected the American people.
Tesla CEO whose conduct and SEC dispute are central to the settlement and board changes.
The company at the center of the board appointment and SEC settlement.
Named executive and major investor joining Tesla’s board as an independent director.
Named executive joining Tesla’s board as an independent director.
The regulator whose action led to the settlement and board oversight changes.
Wilson-Thompson’s current employer and a supporting corporate mention.
Mentioned as a prior employer in Wilson-Thompson’s background.
Comments here are the same thread shown when this article appears in The Pulse.
No comments on this article yet.
Sign in to comment