Tech billionaire Elon Musk has agreed to step down as the chairman of Tesla. Musk has been also asked to pay a $20 million fine in a deal to settle charges that were brought on him by the Securities and Exchange Commission (SEC) earlier this week. The settlement, which requires court approval, has determined that Musk will continue to stay at the CEO of the electric car company but must leave the role as chairman of the board within 45 days. He won't be able to seek re-election for three years either, as per the court filings
from NDTV CarAndBike - Reviews https://ift.tt/2NSvQka
Sunday, 30 September 2018
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