""Because Musk decided he didn't want to pay Plaintiffs' severance benefits, he simply fired them without reason, then made up fake cause and appointed employees of his various companies to uphold his decision," the complaint read. "He claimed in his termination letters that each Plaintiff committed 'gross negligence' and 'willful misconduct' without citing a single fact in support of this claim.""
"The four former executives were all immediately fired by Musk after he acquired the company in October 2022. They filed the lawsuit in March 2024. The former Twitter executives claimed in the lawsuit that they were owed a combined $128 million contractually obligated severance package, with Agrawal, Segal, Gadde, and Edgett entitled to $57.4 million, $44.5 million, $20 million, and $6.8 million respectively. The severance included the executives' salary and hundreds of thousands of dollars in stock options, according to the suit."
Four former Twitter executives—Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett—reached a settlement with X for a combined $128 million over promised severance. All four were dismissed immediately after Elon Musk's October 2022 acquisition and filed suit in March 2024 claiming contractual severance entitlements, including salary and stock option payments. The executives alleged Musk refused to pay and manufactured misconduct allegations as pretext for termination. The complaint quoted the termination letters alleging 'gross negligence' and 'willful misconduct' without factual support. Settlement terms were not disclosed, and the lawsuit included a biography quote about Musk's intent toward the executives.
Read at Mashable
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