Tesla is reportedly under investigation by the DOJ and SEC over it's mysterious 'Project 42'
businessinsider.com
Tesla is reportedly under investigation by the DOJ and SEC over it's mysterious 'Project 42'::The project was internally believed to involve building a glass house for Elon Musk, the Journal previously reported.
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So if he were to give himself a bonus and use that money to build the house would it still be illegal? Genuinely asking
No CEO of a public company has the power to just "give himself a bonus" if the sum is to be any more than pocket money. The board has to approve it.
The board would need to approve of that bonus, and in turn the board is accountable to shareholders. If a CEO starts using a public company as a personal piggy bank, shareholders have grounds to sue.