Ex-Twitter Execs Seek $200 Million In Severance

October 13, 2024 Business, Social Media

Ars Technica reports:

Former Twitter executives, including former CEO Parag Agrawal, are urging a court to open discovery in a dispute over severance and other benefits they allege they were wrongfully denied after Elon Musk took over Twitter in 2022.

According to the former executives, they’ve been blocked for seven months from accessing key documents proving they’re owed roughly $200 million under severance agreements that they say Musk willfully tried to avoid paying in retaliation for executives forcing him to close the Twitter deal.

And now, as X’s value tanks lower than ever—reportedly worth 80 percent less than when Musk bought it—the ex-Twitter leaders fear their severance claims “may be compromised” by Musk’s alleged “mismanagement of X,” their court filing said.

Read the full article.

Ex-Twitter execs push for $200M severance as Elon Musk runs X into ground https://t.co/KJbaVaOmYz

— Ars Technica (@arstechnica) October 11, 2024