As a result of a settlement with the Securities and Exchange Commission (SEC), TeslaCEOElon Musk will have to step down as the chairman of the automaker's board of directors for three years.
Tesla's board has been criticized for failing to hold Musk accountable for erratic behavior that has at times caused the company's stock price to fall.
The Financial Times reported on Wednesday that current Tesla director James Murdoch is the leading candidate to become the board's next chairman...
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