Archive: https://archive.ph/9p6ro

Her reputation is on the line. The Delaware ruling blasted Denholm for a “lackadaisical approach” to governance and suggested her objectivity had been compromised by “life-changing” sums of money. She made $280mn selling Tesla shares in 2021 and 2022 alone, dwarfing the earnings of peers at the likes of Apple and Google.

. . . “To me, the role of the chair is really to make sure the board has a good relationship with the CEO and the executive team,” she said. “We’re there on behalf of shareholders to make sure that management is doing their job, and their job is primarily to grow shareholder value over time.”

Musk has attracted controversy over his drug use, openly admitting to medicinal use of ketamine and smoking marijuana during a live interview. But Denholm said reports in the Wall Street Journal that Musk had also taken LSD, cocaine, ecstasy and psychedelic mushrooms at parties, and that Tesla board members were privately concerned, were “absolute BS . . . I have been around this company for 10 years and I have never seen any evidence”.

I don’t know who she thinks she’s fooling.