Elon Musk is facing legal troubles once again, this time from former executives of Twitter who are demanding compensation of $128.6 million. The former bosses of Twitter, including CEO Parag Agrawal, had multimillion-dollar severance packages when Musk bought the social network, which he later renamed X. Musk refused to pay these severance packages and boasted of firing the executives promptly after taking over the company.
The four plaintiffs, including Agrawal, CFO Ned Segal, and others, were decisive in the legal battle to force Musk to purchase Twitter when he wanted to back out. Musk reportedly showed “particular anger” towards the executives and promised to withhold their compensation to recover money from the operation.
The lawsuit describes Musk’s actions as “capricious and tyrannical,” accusing him of scamming employees, landlords, and suppliers. The executives claim that Musk used his wealth and power to trample anyone who disagreed with him. Musk’s early closure of the acquisition was portrayed as a way to avoid paying compensation to the executives.
The lawsuit also highlights more legal troubles for Musk, including a rejected remuneration package of up to $56 billion for Tesla and a lawsuit against OpenAI for allegedly abandoning its original mission. Musk is facing multiple legal battles as former executives seek compensation for their abrupt dismissal from Twitter.
As the legal battles unfold, the fallout between Musk and the former Twitter executives continues to escalate, painting a picture of corporate power struggles and legal disputes in the tech industry. Stay tuned for updates on this ongoing legal saga.