Twitter Executives Sue Elon Musk for $128 Million in Unpaid Severance

1 min read
Source: The New York Times
Twitter Executives Sue Elon Musk for $128 Million in Unpaid Severance
Photo: The New York Times
TL;DR Summary

Four former Twitter executives, including Parag Agrawal, are suing Elon Musk for $128 million in severance payments after they were fired from the company during Musk's 2022 takeover. The executives claim they are entitled to the payments, including one year's salary and unvested stock awards, as stipulated in their contracts when Twitter went private. Musk had previously stated he could fire the executives "for cause" to avoid paying them severance, and the executives' lawyers accused Musk of withholding money and forcing them to sue him.

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