Technology

58137 readers

4482 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

323

Former Twitter executives sue Elon Musk for more than $128 million in severance (www.npr.org)

submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]

21 comments fedilink hide all child comments

Twitter's former CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Counsel Vijaya Gadde and General Counsel Sean Edgett claim in the lawsuit filed Monday that they were fired without a reason on the day in 2022 that Musk completed his acquisition of Twitter, which he later rebranded X.

Because he didn't want to pay their severance, the executives say Musk "made up fake cause and appointed employees of his various companies to uphold his decision."

The lawsuit says not paying severance and bills is part of a pattern for Musk, who's been sued by "droves" of former rank-and-file Twitter employees who didn't receive severance after Musk terminated them by the thousands.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 6 months ago

This is the best summary I could come up with:

Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than $128 million in unpaid severance payments.

Twitter's former CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Counsel Vijaya Gadde and General Counsel Sean Edgett claim in the lawsuit filed Monday that they were fired without a reason on the day in 2022 that Musk completed his acquisition of Twitter, which he later rebranded X.

Because he didn't want to pay their severance, the executives say Musk "made up fake cause and appointed employees of his various companies to uphold his decision."

"Under Musk's control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others," says the lawsuit, filed in federal court in the Northern District of California.

The former executives claim their severance plans entitled them to one year's salary plus unvested stock awards valued at the acquisition price of Twitter.

According to the lawsuit, the only cause Musk gave for the firings was "gross negligence and willful misconduct," in part because Twitter paid fees to outside attorneys for their work closing the acquisition.

The original article contains 408 words, the summary contains 189 words. Saved 54%. I'm a bot and I'm open source!