And to the surprise of no one, the famously colorful billionaire did so in the most personally combative terms.
“I think you are a bad human being,” Musk told Randall Baron, a lawyer for shareholders who was pressing Musk to acknowledge his mistakes in helping engineer the acquisition of SolarCity, a manufacturer of solar panels.
“I have great respect for the court,” Musk later added, “but not for you, sir.”
The long-running shareholder lawsuit asserts that Musk, who was SolarCity’s largest stakeholder and its chairman, and other Tesla directors breached their fiduciary duties in bowing to Musk’s wishes and agreeing to buy the company. In what the plaintiffs call a clear conflict of interest, SolarCity had been founded by Musk and two of his cousins, Lyndon and Peter Rive.
In the Delaware Court of Chancery on Monday, Baron sought to establish that Musk has sought to run Tesla without interference and therefore bears responsibility for any failures. The lawyer showed a video clip in which Musk said he liked running his own companies because he doesn’t want anyone to make him do what he doesn’t want to do.
As an example of what he characterized as Musk’s imperious management style, Baron mentioned that the CEO once declared himself “Technoking of Tesla” and gave his chief financial officer the title “master of coin’’ — a reference to HBO’s “Game of Thrones” — in a filing with the Securities and Exchange Commission.
This story is from the AppleMagazine #507 edition of AppleMagazine.
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This story is from the AppleMagazine #507 edition of AppleMagazine.
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