New York CNN —
Tesla shares fell nearly 4% Monday after a Wall Street Journal report shed light on Elon Musk’s unusually close personal and financial ties with members of the carmaker’s board of directors, fueling concerns on Wall Street about a lack of real oversight on one of the world’s most powerful CEOs.
The revelations by the Journal come less than a week after a Delaware Chancery Court judge struck down Musk’s unprecedented, multibillion-dollar pay package, calling the board’s approval process “deeply flawed” because of how many people involved were “beholden” to Musk, and bringing renewed scrutiny
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