"Elon Musk and X have settled with four former top executives at Twitter, including the former CEO, who accused the billionaire of failing to pay $128m in promised severance pay after he acquired the social media company in 2022 and fired them. The former executives say that Musk falsely accused them of misconduct and forced them out of Twitter after they sued him for attempting to renege on his offer to buy the company."
"Musk then denied the executives severance pay they had been promised for years before he acquired Twitter, according to the lawsuit. The plaintiffs say they each are owed one year's salary and hundreds of thousands of dollars' worth of stock options. X and lawyers for the former Twitter executives did not immediately respond to requests for comment. X in August agreed to settle a separate lawsuit by rank-and-file Twitter employees who lost their jobs during mass layoffs and claimed they were owed"
Four former top Twitter executives sued after being fired following Elon Musk's 2022 acquisition, alleging Musk failed to pay $128m in promised severance. The plaintiffs include Parag Agrawal, Ned Segal, Vijaya Gadde and Sean Edgett. The executives allege false accusations of misconduct and contend they were forced out after suing over Musk's attempt to renege on the acquisition offer. The plaintiffs say each is owed one year's salary plus substantial stock-option value. Musk and X deny wrongdoing and say the firings were performance-related. Settlement terms were not disclosed.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]