Four former Twitter executives including former CEO Parag Aggarwal have sued the current boss of the company, Elon Musk, for a $128 million in unpaid severance payments. The former Twitter top executives have claimed that Musk showed “special ire” towards them by publicly vowing to withhold their severance payments of around $200 million when he took over the social media giant in a $44 billion deal in 2022.
In a 38-page complaint filed in the US District Court for the Northern District of California, Aggarwal’s lawyers noted (as quoted by Bloomberg), “Under Musk’s control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others. Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,”
“He claimed in his termination letters that each Plaintiff committed ‘gross negligence’ and ‘willful misconduct’ without citing a single fact in support of this claim.” CNN cited the complaint as reading.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates & Live Business News.
Published: 05 Mar 2024, 06:34 AM IST