BlackRock voted to replace Tesla's Musk with an independent chairman

BlackRock voted to replace Tesla's Musk with an independent chairman

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/31/blackrock-voted-to-replace-teslas-musk-with-independent-chairman.html

Funds run by BlackRock voted in favor of a recent shareholder proposal that would have required Tesla to replace Elon Musk with an independent chairman.

BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock's filing with the U.S. Securities and Exchange Commission on Thursday. The proposal, which was defeated, would not have affected Musk's standing as Tesla's chief executive officer.