Twitter leadership was fired for “cause”
If this is true that means none of the execs are walking out with a single cent to their name contrary to what everyone is saying. That means Elon would have the right to give the CEO and other fired employees a total of $0 and not the $45 million in his offer agreement Thoughts? Is this a good precedent?
Time will tell. More to come on this saga
Seems incredibly shady on Musk's part and contributes to the idea that while you might like the products his company makes you would never want to work for that guy.
Welcome to the real world and recognition that you are just a number.
vmware speak for yourself. this will 100% repel good folks from his companies.
If musk had that motive then it is worse than what people in Blind claim about Amazon HR. Also, it will be contested in court and musk will lose
Someone's upset they can't have their lefty safe space anymore
I don't even have a Twitter account.
I doubt a single word can get you out of contractual responsibilities, but then, these execs are now individuals and not part of the companies which means they'll have to spend their out of pocket money suing musk.. I don't think they deserve the money tbh but it was in the contract, it's hard to know what will happen.
Musk trying to be Musk. He lost in court once already. He will just lose again. All he is trying to do is throw darts and hoping one sticks. Fwiw I hope he has to overpay and learns his lesson for being an arse. Imagine a class action lawsuit by all employees he is about to fire.
Class action excludes leaderships. Actually C suites don’t have much recourse unlike regular wage employees. The leadership will have to prove it did a good job. But musk can argue they were doing a terrible negligent job. For cause includes being fired for poor performance. One can argue the entire C suite was doing a terrible job given the downward trajectory of Twitter
Poor performance based on what? One day on job and he already knows everything? One can argue discrimination and other things in the lawsuit to say the cause wasn’t fair. When it comes to laws, all employment laws are employee friendly and not Corp friendly.
I think this is a lie. Their comp exit package was structured in the buyout. Parag knew what he was signing up for. No way he let his exit plan be hostage to the guy he just completely dunked on at the negotiating table AND in the courtroom. Honestly twitters old shareholders should be starting a gofundme to throw him a going away party, because he got them paid FAR in excess of any reasonable expectation.
Not a lie. It’s in the news today
It's going to court where Elon will lose again, especially since he has a track record of reneging on agreements.
Elon just likes paying lawyers and going to court.
Never working for him
Dope