Tesla board that gave itself nearly $1 billion in excess compensation must now return money

Tesla chair Robyn Denholm (Credit: Alex Ellinghausen—Sydney Morning Herald/Getty Images)

• Numerous past and present nonexecutive directors agreed to return around $920 million in cash and stock options to settle a nearly five-year-long legal dispute in an indictment of the board’s corporate governance record under chair Robyn Denholm.

It’s official: Tesla’s board collectively enriched themselves at shareholder expense to the tune of nearly $1 billion.