Nov. 16 (UPI) -- Elon Musk testified Wednesday that he was not involved in the decision-making process regarding a pay package that granted billions of dollars in stock options, helping to make him the world's richest person.
The trial in Wilmington, Del., centers on Musk's 2018 CEO pay package. Shareholder Richard Tornetta has sued Musk and Tesla alleging that the CEO compensation was excessive, and that its authorization by the Tesla board amounted to a breach of its fiduciary duty.
Musk pushed back on accusations that the company's board was stacked with friends and people close to him.
"I was completely focused" on managing Tesla, he said, according to the New York Times.
Elon Musk warns Twitter will do "lots of dumb things in coming months"