China News Service, San Francisco, March 4th. On the 4th local time, four former executives of Twitter (which has been renamed "X") sued American entrepreneur Musk, demanding that he pay more than US$128 million in severance pay.
The Associated Press reported that on the 4th local time, former Twitter CEO Parag Agrawal, former CFO Ned Siegel, former legal affairs and policy director Vijaya Gad and former Chief Counsel Sean Edgett filed the lawsuit in the U.S. District Court for the Northern District of California.
The plaintiffs say they are entitled to one year's salary, plus unvested stock awards valued at Twitter's purchase price.
The lawsuit says the executives' contracts entitle them to severance pay if Twitter ceases to be a public company.
However, Musk did not pay them when he took the company private.
The indictment also alleges that Musk "bragged" to his biographer about how he planned to defraud former Twitter executives out of their severance packages, thereby saving himself $200 million.
The plaintiffs said it was Musk's consistent practice to not pay severance packages and bills.
A large number of ordinary Twitter employees who were fired by Musk and did not receive severance packages are suing him in court.
Not wanting to pay severance, Musk "made up false reasons and asked employees across his companies to defend his decision," according to the lawsuit.
Musk doesn't pay his bills, thinks the rules don't apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with his views.
In October 2022, Musk completed the acquisition of Twitter for US$44 billion, thus gaining control of the company, and four senior executives including Agrawal were fired immediately.
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