Former Twitter executives have filed a lawsuit against Elon Musk seeking more than $128 million in damages.
/cdn.vox-cdn.com/uploads/chorus_asset/file/23382328/VRG_Illo_STK022_K_Radtke_Musk_Twitter_Shrug.jpg "Former Twitter executives have filed a lawsuit against Elon Musk seeking more than 8 million in damages.")
Title: Elon Musk accused of trying to cheat execs out of $200 million before stock options vested
In a shocking twist, the same executives who were forced by Elon Musk to close a $44 billion acquisition are now accusing him of attempting to cheat them out of $200 million before their stock options vested. According to sources cited in Walter Isaacson’s biography of Musk, the tech billionaire allegedly made a strategic move to close the deal and fire the executives before they could claim their stock options.
One passage from the book revealed a conversation between Musk and his lawyer, Alex Spiro, where they discussed preventing an executive, Agrawal, from resigning in order to avoid paying his severance package. The lawsuit filed against Musk by the executives alleges negligence, waste, and misconduct, but Musk’s camp argues that the actions were authorized by the company’s board.
Despite the ongoing legal battle, Musk remains focused on his goals and projects. The lawsuit raises questions about the inner workings of high-stakes business deals and the consequences of boardroom decisions. Stay tuned for more updates on this developing story.
/cdn.vox-cdn.com/uploads/chorus_asset/file/24390406/STK149_AI_03.jpg "ChatGPT has the capability to vocalize its responses.")
