Sen. Elizabeth Warren (D-Mass.) has renewed her battle with Tesla Motors and Twitter CEO Elon Musk, expressing concerns that he has failed in his legal responsibilities.
In a letter (pdf) to Robyn Denholm, the chair of Tesla’s board, Warren asserted that Musk has potentially violated his legal duties since he acquired Twitter for $44 billion. The former presidential candidate also charged that the board had not adequately protected the company by refraining from reining him in during this time.
“That responsibility includes ensuring that Mr. Musk is an effective CEO and that he fulfills his legal obligation to act in the best interests of Tesla and all of its shareholders, not just himself,” she wrote. “The fact that Mr. Musk was, until recently, the world’s richest man does not absolve him of those legal responsibilities or provide assurances that he will meet them.”…}
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