Former CEO Parag Agrawal and three other high-ranking Twitter executives are taking legal action against Elon Musk, the current CEO of Twitter, for alleged unpaid severance payments totaling $128 million. The lawsuit stems from Musk’s controversial decision to withhold around $200 million in severance payments from the executives when he acquired the social media giant in a $44 billion deal in 2022.
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Allegations of Special Ire and Unpaid Severance
The four former Twitter executives, led by Parag Agrawal, contend that Musk exhibited “special ire” towards them by publicly declaring his intention to withhold their severance payments. The executives argue that Musk’s actions were a violation of their employment agreements and are seeking compensation for the unpaid severance.
Twitter Under Elon Musk Control: A Stiffing Stance
In a 38-page complaint filed in the US District Court for the Northern District of California, Agrawal’s legal team accused Musk of transforming Twitter into a “scofflaw,” alleging non-payment to employees, landlords, vendors, and others. The complaint contends that Musk, under his leadership, disregards financial obligations, operates with a belief that rules don’t apply to him, and leverages his wealth and power to override dissenting voices.
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Termination Letters and Unsubstantiated Claims
According to statements cited by CNN from the filed complaint, Musk issued termination letters to the executives, accusing each of them of “gross negligence” and “willful misconduct.” The legal document highlights that Musk failed to provide any factual basis for these serious allegations, raising questions about the validity of the claims made against the former Twitter top executives.
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