The board of Tesla is not looking to replace Elon Musk as chief executive. It said so on Thursday, in response to a Wall Street Journal article that had stated otherwise. The point is moot, though, because it shouldn’t even try.
Musk is, famously, not just an automotive executive. He is also a pie in the face of corporate governance advocates. They have, for decades, cooked up policies intended to make company directors and executives better at creating value. Tesla has flouted some of their most sacred tenets, and shareholders who vote at its annual meetings have mostly approved.
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