Pension Fund Sues Musk for Taking Massive Pay Package

The transcript discusses a lawsuit filed against Tesla by a pension fund representing Detroit police and firefighters, accusing the board of enriching themselves at the company's expense. The lawsuit highlights ongoing corporate governance issues at Tesla, especially around the time of the annual general meeting. Despite these issues, Tesla's stock performance remains strong, and large shareholders have not shown significant concern. The transcript also notes the lack of response from Tesla regarding the lawsuit and explores the potential impact on the board and investor sentiment.

What is the main accusation against Tesla's board in the lawsuit filed by the pension fund?

• They are accused of enriching themselves at the company's expense.

• They are accused of not attending any meetings.

• They are accused of selling company secrets.

• They are accused of manipulating stock prices.

What has been Tesla's response to the lawsuit filed against its board?

• Tesla has agreed to settle the lawsuit out of court.

• Tesla has not made any statement or response yet.

• Tesla has issued a public statement denying the allegations.

• Tesla has fired the board members involved.

What potential impact could the lawsuit have on Tesla's board?

• It could lead to a complete board overhaul.

• It could lead to a merger with another company.

• It could result in another board shakeup.

• It could cause Tesla to go bankrupt.

How do large shareholders generally view Tesla's corporate governance issues?

• They are indifferent and do not pay attention.

• They have been largely supportive due to strong stock performance.

• They have sold their shares in response.

• They are very concerned and often protest.

Which group of shareholders is most concerned about Tesla's corporate governance?

• Large institutional investors

• Small shareholders

• Tesla employees

• Government regulators