Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the 'PayPal Mafia' who replaced him with Peter Thiel.
Elon Musk was ousted from his role as PayPal CEO in 2000 amid disagreements with other key figures over the company's direction.
"I was pretty angry at first," Musk told Isaacson. "I had thoughts of assassination running through my head. But eventually I realized that it was good I got cooped. Otherwise I’d still be slaving away at PayPal… Of course, if I had stayed, PayPal would be a trillion-dollar company." After Musk’s ouster at PayPal, he and Justine went on vacation that included a stop to his home country of South Africa for the first time in 11 years. When hein January 2001, Isaacson wrote that Musk experienced dizziness, chills and ringing in his ears that was initially diagnosed as a form of meningitis.
Isaacson wrote that the head of X.com’s human resources visited Musk at the hospital to help sort out his insurance and emailed Levchin and Thiel saying Musk was "actually hours from death" and that both of the patients the doctor had previously treated with that strain of malaria had died.Thiel told Isaacson that following the HR official’s visit, he learned Musk had obtained a "key-man" life insurance policy worth $100 million – of which the company was the beneficiary.
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