- $20M fine - paid
- Musk gives up Chairman of the Board for 2 years - done
- Two new board members, Larry Ellison and Kathleen Wilson-Thompson - done
- Musk restrains tweeting, cross his heart - done
Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday.
The electric-car company made the appointments on Friday to comply with an SEC settlement.
"The SEC has been had on this one," said Sonnenfeld, senior associate dean at the Yale School of Management and a CNBC contributor.
. . .
Sonnenfeld called Ellison, the co-founder and executive chairman of Oracle, a "clone" of Musk.
"He's a genius, knows technology, self-made guy and very articulate," he said on "Closing Bell."
Bob Wilson