Elon Musk is embroiled in a legal dispute with Twitter’s previous senior executives, who assert that he owes them in excess of $128 million in severance payments that have not been fulfilled.
Executive Grievances
The lawsuit has been filed by four high-ranking former employees, including ex-CEO Parag Agrawal. They allege that Musk terminated their employment unjustly upon acquiring Twitter, now renamed X, and subsequently fabricated reasons to evade severance payments.
Pattern of Non-Payment
The plaintiffs argue that Musk’s actions are indicative of a broader tendency to withhold due payments from former employees. They seek compensation based on a longstanding severance agreement, which promises a year’s salary and stock awards.
Musk’s Acquisition and Aftermath
Elon Musk’s takeover of Twitter in 2022 for $44 billion was fraught with controversy and legal threats, leading to the swift dismissal of top executives including the plaintiffs. They were accused of “gross negligence and willful misconduct”, charges they refute as fabricated by Musk to circumvent financial obligations.
Seeking Justice
The lawsuit highlights Musk’s alleged reluctance to honor severance commitments, painting a picture of a vendetta-driven refusal to compensate the executives post-acquisition. The legal battle underscores the tension and disputes following Musk’s high-profile acquisition.
Also learn about Musk Initiates Legal Battle Against OpenAI for Alleged Deviation from Founding Ethos.
