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Started By
Message
Musk is going to attempt to not pay the twitter golden parachutes
Posted on 10/29/22 at 10:31 pm
Posted on 10/29/22 at 10:31 pm
quote:
Mr. Musk also appears unlikely to pay the golden parachutes that the fired top executives of Twitter were set to receive. Under the merger agreement, those executives — including Parag Agrawal, the chief executive — had been set to receive compensation of $20 million to $60 million if they were fired. But Mr. Musk terminated the executives “for cause,” meaning he did it with justification, which may void that agreement, two people with knowledge of the matter said.
NYT
“For cause” will be clearly defined in the contract. This will all end up in court, too, but musk going hard in the paint after giving in and closing.
26
Posted on 10/29/22 at 10:32 pm to cwill
Thank you, come again - Apu
Posted on 10/29/22 at 10:34 pm to cwill
I thought leftists hated those corporate golden parachutes. Interesting.
Posted on 10/29/22 at 10:34 pm to cwill
I find myself not giving a flying frick about these people’s severance or Musk having to pay it
Posted on 10/29/22 at 10:36 pm to jamboybarry
I prefer people working as part of the Democrat propaganda machine to not be paid 10's of millions of dollars when they get fired.
Posted on 10/30/22 at 12:29 am to cwill
Didn’t I tell you paying full price was part of the plan?
Posted on 10/30/22 at 12:33 am to cwill
quote:
giving in and closing.
Posted on 10/30/22 at 12:50 am to cwill
He's the GOAT yuman who ever lived
Posted on 10/30/22 at 12:51 am to cwill
Are you upset?
Posted on 10/30/22 at 12:52 am to SirWinston
I hope he doesn't pay them a dime extra.
Posted on 10/30/22 at 12:54 am to cwill
Let it go to court. Can't wait to see what he cites as "cause." Election interference? Or maybe the fact that Twitter was hosting child porn?
It'll be funny if the employees end up not even challenging it.
It'll be funny if the employees end up not even challenging it.
Posted on 10/30/22 at 12:58 am to BoarEd
If anyone on this BoarEd knows where child porn is hosted, this is your man! Q=tards unite! 
Posted on 10/30/22 at 1:01 am to cwill
Probably settle for something inbetween.
Posted on 10/30/22 at 1:09 am to BoarEd
quote:
Can't wait to see what he cites as "cause." Election interference?
Fraudulent representation of traffic. They knew that huge numbers of their users were bots.
quote:
It'll be funny if the employees end up not even challenging it.
An honest DOJ would already have them under indictment. I don't know how much they want to poke the bear now that Musk has all of their emails/minutes/ texts.
Posted on 10/30/22 at 1:11 am to timdonaghyswhistle
quote:
I thought leftists hated those corporate golden parachutes. Interesting.
That was only for banks during the Obama election years.
Posted on 10/30/22 at 1:13 am to cwill
You are so mad.
Posted on 10/30/22 at 1:37 am to cwill
I wonder what we may find out in court??
Posted on 10/30/22 at 2:53 am to cwill
quote:
For cause” will be clearly defined in the contract.
Not on the deals I’ve done. You don’t want to be too specific on what constitutes cause because then the argument of “well X isn’t on the list” gets kicked around. Even couching a list with “including, but not limited to…” gets dangerous.
Cause is like porn - hard to define but easily recognized.
Posted on 10/30/22 at 3:06 am to HorseShoeHenry
quote:
HorseShoeHenry
frick off, ankle biter.
Posted on 10/30/22 at 4:46 am to cwill
quote:
“For cause” will be clearly defined in the contract. This will all end up in court, too, but musk going hard in the paint after giving in and closing.
Given the whole bot issue, we know SEC investigations and shareholder lawsuits are forthcoming. Would those constitute being fired with cause, or should we just cut to the chase and let an angry mob curb stomp their pompous arses.
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