New York City Comptroller Brad Lander, who oversees five public pension funds with $242 billion in assets, has a message for the Tesla board and CEO Elon Musk: the EV maker is publicly traded, so it should stop behaving like a family-owned business with Musk at the head of the table.
“I don’t know what genuinely independent board would have a CEO who is also CEO of two other large companies,” Lander told Fortune. “Every other major publicly traded company with a genuinely independent board—and many of them with not that independent of a board—expect their CEO to be a full-time CEO for their company.”
