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Tesla Names Two Independent Board Directors Ending U.S. Charges

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Tesla Names Two Independent Board Directors Ending U.S. Charges

Tesla Names Two Independent Board Directors Ending U.S. Charges

According to a report by Reuters, on Friday, Tesla named two independent board directors, including Oracle Corp's founder Larry Ellison, to fulfill a September deal that resolved federal charges that came after CEO Elon Musk tweeted about taking the electric carmaker private.

Under an agreement with the U.S. Securities and Exchange Commission, Musk reportedly agreed to not only pay a $20 million fine, but also to step aside as Teslaโ€™s chairman for three years to settle charges that could have forced his exit.

Reuters reports that Tesla said Ellison and Walgreens Boots Alliance's global head of human resources, Kathleen Wilson-Thompson, joined the board, effective Dec.



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Lanita F Parrish RT @craigbrownphd: Tesla Names Larry Ellison and Kathleen Wilson-Thompson to Its Board: The appointment of two independent directors was reโ€ฆ 6 days ago

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