Tesla’s Robyn Denholm made 5x more than next best-paid chair, a role Musk said was usefuless
Robyn Denholm, chairwoman of Tesla, earned five times more than the next highest-paid board chair, despite CEO Elon Musk labeling the position as "useless." Musk, who previously resigned as chair due to SEC issues, appointed Denholm and described the title as an unnecessary honorific, stating he would retire it in three years. Denholm's substantial earnings in this role have raised eyebrows.
Robyn Denholm, Tesla’s chairwoman, made five times more money than the next best-paid board chair, a role Tesla’s CEO Elon Musk said was useless.
In 2018, Musk settled with the SEC for falsely claiming he had secured funding to take Tesla private at $420 a share, he was forced to resign as chair of Tesla’s board.
Musk basically handpicked Robyn Denholm to become the new chair, which he then called a useless “honorific” titled:
“Chairman’ is an honorific, not executive role, which means it’s not needed to run Tesla. Will retire that title at Tesla in 3 years.”
Denholm made a lot of money in this useless honorific role.
