4 former Twitter executives fired by Elon Musk after his acquisition of the corporate are suing him for $128 million in unpaid severance. Parag Agrawal (former CEO), Ned Segal (ex-CFO), Vijaya Gadde (ex-legal chief), and Sean Edgett (former basic counsel) declare they had been wrongfully terminated.
Musk, recognized for his on-line presence, responded to a sarcastic publish in regards to the lawsuit with a “tears of pleasure” emoji on the platform he now owns, known as X (previously Twitter). He additional engaged with feedback poking enjoyable on the state of affairs.
The lawsuit alleges Musk aimed to keep away from paying severance by firing them earlier than inventory choices vested. A spokesperson for X declined to remark.
If the emoji matches … 🤷♂️
— Elon Musk (@elonmusk) March 5, 2024
The executives, who led the corporate throughout a prolonged and at occasions hostile takeover course of wherein they sued the billionaire to observe by with the acquisition after Musk modified his thoughts, say Musk fired them citing gross negligence and willful misconduct, which they deny, the WSJ reported.
Based on the lawsuit filed by the ex-Twitter executives, “As a result of Musk determined he did not need to pay Plaintiffs’ severance advantages, he merely fired them with out motive, then made up faux trigger and appointed workers of his varied firms to uphold his determination. [Musk] claimed in his termination letters that every Plaintiff had dedicated ‘gross negligence’ and ‘willful misconduct’ with out citing a single reality in assist of this declare. Musk’s workers then spent a 12 months attempting to provide you with information to assist his pre-ordained conclusion, to no avail.”
Ready for response to load…