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Severance Payments

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technology2 years ago•1 min saved

Twitter Executives Sue Elon Musk for $128 Million

Former Twitter CEO Parag Agrawal and three other former executives are suing Elon Musk, alleging that they are owed over $128 million in severance payments after Musk fired them upon acquiring Twitter. The lawsuit claims that Musk has a vendetta against the executives and has failed to pay severance to multiple former employees. Musk has faced criticism for his treatment of the executives and his handling of financial obligations since taking over Twitter.

via TechCrunch|

#elon-musk #former-executives #lawsuit

business2 years ago•3 min saved

Twitter Executives Sue Elon Musk for $500 Million in Severance Pay

Former Twitter executives, including Parag Agrawal and Ned Segal, have sued Elon Musk, alleging that he has not paid over $128 million in severance since acquiring the company, now called X, more than a year ago. The lawsuit claims that Musk declined to make the severance payments as a form of "revenge" after being forced to go through with the $44 billion acquisition deal. This is the latest legal action brought by former Twitter employees related to Musk's acquisition, with additional lawsuits seeking class action status and alleging failure to pay annual bonuses to laid-off employees.

via CNN|

#business #elon-musk #former-executives