Elon Musk reportedly backed out of SEC deal at the last second

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According to (This article and its images were originally posted on Engadget September 28, 2018 at 10:24AM.)

Musk would have had to pay a “nominal” fine to the SEC, but he would not have been forced to admit any guilt in the matter. All of that probably sounded pretty good. The sticking point was likely that the deal would reportedly also have prohibited Musk from serving as Tesla’s chairman for two years and required the company to appoint two independent directors.

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This article and images were originally posted on [Engadget] September 28, 2018 at 10:24AM. Credit to the original author and Engadget | ESIST.T>G>S Recommended Articles Of The Day.

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