The Wall Street Journal: Musk must pay over $200 million in severance to 3 fired Twitter executives
According to ChainCatcher news, the Wall Street Journal reported that documents submitted by Twitter to the U.S. Securities and Exchange Commission (SEC) show that after Musk officially took over the social network with a $44 billion acquisition on Thursday evening, he fired its CEO Parag Agrawal, CFO Ned Segal, and legal policy chief Vijaya Gadde. However, these three individuals enjoy "golden parachute" clauses in the acquisition deal, so Musk must pay them over $200 million in severance.Additionally, it was reported that Agrawal, Segal, and Gadde collectively own about 1.15 million shares of Twitter, with more than half owned by Gadde, valued at $33.8 million. Musk will purchase the shares held by these three individuals, worth approximately $62 million, just like he would for any other shareholder. (source link)