Two little words could help Musk save tens of millions of dollars: “for cause.”
fired top Twitter executives “for cause” after taking over, putting their gargantuan severance packages in jeopardy.reports that the C-suite bigwigs, including CEO Parag Agrawal, were supposed to get payouts between $20 million to $60 million under the merger agreement.
But Musk’s claim he was justified in showing them the door could allow him to argue the agreement is void and let him escape paying the big bucks. Meanwhile, thealso reports that an investor who helped Musk buy Twitter was told up to 50 percent of Twitter’s 7,500 employees could be laid off.
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