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Chancery Ruling Plays Role In Tesla's S&P Governance Grade

By Jeff Montgomery ( May 2, 2024, 7:33 PM EDT) -- Business rating agency Standard & Poor's has revised downward to "moderately negative" electric vehicle company Tesla Inc.'s grade for management and governance, pointing in part to CEO Elon Musk's dominant role, and the company's "uncommonly high" risk from lawsuits, including the Delaware Chancery Court's recent scuttling of his $56 billion pay plan....

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