Twitter Executives Sue Elon Musk for $128 Million in Severance Pay After Abrupt Firings
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Former Twitter executives filed a lawsuit against Elon Musk seeking over $128 million in unpaid severance payments after being fired when he took over Twitter.
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The executives claim they were fired without cause and are contractually owed one year's salary plus unvested stock awards under their severance agreements.
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Musk accused them of "gross negligence" for paying legal fees related to the Twitter acquisition, which they say they were required to do.
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The lawsuit alleges Musk doesn't want to pay severance and bills, with Twitter facing many lawsuits over unpaid bills under his leadership.
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The executives say Musk's reported attitude to the lawsuits has been "let them sue," demonstrating a "cavalier attitude" towards his financial obligations.