Former Twitter CEO sues Elon Musk, demands more than $128 million in severance package
In the wake of Elon Musk’s allegations against OpenAI, accusing it of deviating from its nonprofit status to become, in essence, a subsidiary of Microsoft aimed at maximizing Microsoft’s profits rather than advancing human welfare, former Twitter CEO Parag Agrawal, alongside other high-ranking ex-Twitter officials, have united in a lawsuit against Elon Musk, demanding compensation exceeding $128 million in severance pay.
Elon Musk is being sued by former Twitter executives, including the former CEO, who is seeking over $128 million in severance pay, citing allegations of misconduct and improper behavior as reasons for their forced departure.
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The lawsuit, spanning 39 pages, filed by figures including Parag Agrawal, former Twitter CFO Ned Segal, former Twitter Legal Head Vijaya Gadde, and former Chief Legal Officer Sean Edgett, claims that following his acquisition of Twitter, Elon Musk reneged on prior commitments and, through accusations of impropriety, compelled the departure of top Twitter executives.
Furthermore, the document alleges that before acquiring Twitter, Musk had promised to provide the then-senior executives with substantial severance packages, including a year’s salary and hundreds of thousands of stock options as compensation. However, post-acquisition, Musk is accused of altering these promises, thereby forcing the executives out in a specific manner.
In addition to facing litigation from Agrawal and others, Musk is also confronted with lawsuits from other former senior Twitter managers, who claim that Musk owes approximately $500 million in severance payments to employees dismissed following the acquisition. This is alongside accusations that Musk has failed to make payments to Twitter’s business partners, landlords, suppliers, and consultants after taking over the company.
