Nikola Corp. (NASDAQ: NKLA) founder Trevor Milton is still a billionaire. But he is giving up a lot in his exit as executive chairman. That includes hundreds of thousands of future stock grants and a two-year, $10 million annual consulting gig that paid more than when he was CEO.
Monday’s announcement by Nikola followed FreightWaves’ report of Milton’s departure. The press release described it as a selfless act for the good of the company. The release did not mention a scathing report by short...
https://www.freightwaves.com/news/milton-remains-a-billionaire-but-surrenders-a-lot-in-nikola-exit