Former Twitter/X executives sue Elon Musk for $128 million in unpaid damages | Trending Viral hub


four exes Twitter/X Executives are suing both the company and its owner. Elon Musk for more than $128 million in unpaid compensation. It’s just the latest in thousands of such claims filed against the embattled social media platform following its Mass layoffs ordered by Musk.

on the demand filed in federal court in California On Monday, former Twitter/X CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Officer Vijaya Gadde and General Counsel Sean Edgett accused Musk of deliberately withholding his severance rights. The billionaire immediately fired the executives when took over Twitter/X in October 2022a measure that, according to the plaintiffs, was retaliation.

“Musk has a special ire toward (the plaintiffs, who) appropriately and vigorously represented the interests of Twitter’s public shareholders during Musk’s unfair attempt to renege on the agreement,” the lawsuit reads. “For his efforts, Musk swore revenge for his entire life.”

Musk initially agreed to buy Twitter/X for approximately $44 billion in April 2022, a price significantly higher than the company’s valuation at the time. He later tried withdraw from the deal just a few months later, which caused Twitter/X will sue in an attempt to enforce the agreement. The sale finally passed byHowever, it appears that Musk still harbors a major grudge over the entire ordeal, and particularly toward the executives who took him to court.

The plaintiffs’ lawsuit even cites Musk’s authorized biography, in which his official biographer quotes him as saying that he would “hunt down every single one of” the former Twitter/X executives “until the day he died.”

“Because Musk decided he did not want to pay plaintiffs’ severance payments, he simply fired them without cause, then fabricated a false cause and appointed employees from his various companies to defend his decision,” the plaintiff’s complaint reads. “He stated in his termination letters that each plaintiff committed ‘gross negligence’ and ‘willful misconduct’ without citing a single fact in support of this claim.”

Agrawal, Segal, Gadde and Edgett claim they are contractually entitled to approximately $57.4 million, $44.5 million, $20 million and $6.8 million, respectively.

Unfortunately for plaintiffs, Twitter/X is unlikely to part with that money without a fight. The company has made some notoriously questionable financial decisions under Musk’s administration, including refuse to pay rent, Google Cloud invoicesor his Amazon Web Services Invoices. This isn’t even the first firing dispute Twitter/X has faced since Musk was fired approximately 80 percent of its staff. Last September the company agreed to talks to reach an agreement with approximately 2,000 former employees also claiming their rights had been withheld.

“Under Musk’s control, Twitter has become a lawbreaker, harshing employees, owners, suppliers and others,” the executives’ complaint alleges. “Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to trample anyone who disagrees with him.”

Twitter/X has supposedly fell in value by more than 70 percent since the acquisition of Musk, as attempts to build new sources of income have not been able to compensate for the income lost due to The mass exodus of large advertisers. With this in mind, it’s not surprising that Musk wants to hold on to every penny he can.


Check Also

iPhone 16 Pro: New feature will reportedly fix this annoying camera issue | Trending Viral hub

[ad_1] We have not yet seen the iPhone 16but we continue to learn more about …

Google workers protest cloud contract with Israeli government | Trending Viral hub

[ad_1] Dozens of Google employees began to occupy company offices in New York City and …

US Senate to vote on wiretapping bill critics call ‘Stasi-like’ | Trending Viral hub

[ad_1] The United States Senate is about to vote on legislation this week that, at …

Leave a Reply

Your email address will not be published. Required fields are marked *