Elon Musk will settle a $128 million lawsuit with four Twitter executives he fired after taking over the company in 2022.
One of Musk’s first moves upon purchasing Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde. The four executives never received severance packages, which they say is because they tried to force Musk to honor his $44 billion commitment when he tried to back out of his purchase of the company. The lawsuit even cites Walter Isaacson’s biography of Musk, which quotes him as saying he would “hunt down every single one” of Twitter’s top executives “until the day he dies.”
While a court filing confirms that the parties reached an agreement, it is still unclear what the terms of that agreement are.
It’s not just these executives who have sued Musk for severance pay. Musk recently settled a class-action lawsuit involving 6,000 laid-off Twitter employees. Many of these former Twitter employees complained that they received incomplete severance pay or no severance pay at all.
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