[HN Gopher] DOJ, SEC Investigate Tesla over Secret Glass House P...
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       DOJ, SEC Investigate Tesla over Secret Glass House Project
        
       Author : f38zf5vdt
       Score  : 14 points
       Date   : 2023-08-30 20:07 UTC (2 hours ago)
        
 (HTM) web link (www.wsj.com)
 (TXT) w3m dump (www.wsj.com)
        
       | f38zf5vdt wrote:
       | https://archive.is/wYXKL
        
       | dcgudeman wrote:
       | Both? These government organizations really have taken a partisan
       | turn. It is really disheartening to see this level of political
       | motivation to target "companies/persona non grata".
        
         | [deleted]
        
         | michaelteter wrote:
         | How is it partisan?
         | 
         | " Tesla lawyers and board members scrutinized the project after
         | employees became concerned about how the company planned to use
         | millions of dollars in specialized glass that it had ordered."
         | 
         | And
         | 
         | " SEC rules require public companies to disclose transactions
         | above $120,000 in which a related party, such as an executive
         | officer, has a material interest."
         | 
         | If it's really a matter of spending corporate money on a
         | personal benefit project, then it must be declared and agreed
         | upon by board and or shareholders. Otherwise it is
         | misappropriation.
         | 
         | I'm no lawyer, so my terms may be inaccurate; but that's the
         | gist of why this is probably worthy of investigation.
        
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       (page generated 2023-08-30 23:02 UTC)