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Former Twitter executives sue Elon Musk over firings,
Updated On: 05 March, 2024 08:20 AM IST | New York | AP
After paying USD44 billion to acquire Twitter, Musk sacked the company`s chief executive, Parag Agrawal; chief financial officer, Ned Segal; head of legal and policy, Vijaya Gadde; and general counsel, Sean Edgett
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Elon Musk
Former top Twitter executives, including Parag Agrawal, have sued Elon Musk, claiming the Tesla CEO had withheld USD128 million in severance payments after the billionaire took over the social media company in 2022 and dismissed them, according to The New York Times. After paying USD44 billion to acquire Twitter, Musk sacked the company`s chief executive, Parag Agrawal; chief financial officer, Ned Segal; head of legal and policy, Vijaya Gadde; and general counsel, Sean Edgett.
The Twitter was later renamed as X by Musk. The lawsuit, which was filed in the US District Court for the Northern District of California on Monday, claimed that because the executives` contracts stated they would receive severance payments if Twitter was taken private by Musk in October 2022, they were entitled to the payments.
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