Tesla shareholders are advised to remove Elon from the post

Акционерам Tesla советуют снять Илона Маска с поста

According to experts, it is necessary to create the position of independent Chairman of the Board of Directors.

Advisory firm Institutional Shareholder Services (recommends to the shareholders of Tesla to displace the two members of the Board of Directors – investor Antonio Gracias and son of media Mogul Rupert Murdoch, James Murdoch, according to Bloomberg.

ISS also advised to split the role of Chairman of the Board of Directors and CEOS, the place which is now occupied by Tesla founder Elon Musk. According to experts of firm, it is necessary to create the position of independent Chairman of the Board of Directors.

“Shareholders will benefit the strongest form of independent oversight by the Board of Directors in the form of an independent Chairman”, – stated in the ISS report.

As expected, the shareholders ‘ meeting on 5 June re-elected three of the nine members of the Board of Directors: gentlemen Gracias and Murdoch, and younger brother of Elon Musk Kimball.

Bloomberg predicts the imminent bankruptcy of Tesla

ISS, however, urge you to vote against Antonio Gracias, arguing that it ceased to be an independent member of the Board of Directors, as the company Valor Management Corp. provided consulting services Tesla in 2017.

Experts also endorsed the candidacy of James Murdoch, considering that it takes place in too many other boards of Directors.

“It is important that the Board of Directors has taken the necessary measures so that the user remains focused on the solution of production problems, and the CEO and other top managers are not distracted by outside interests in business or a skirmish on Twitter,” wrote the experts.

Previously, Musk has told about the development of all-wheel drive version of Model 3, which will be equipped with two engines. The impression of driving this car Musk called “terrific.”


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