Four former top executives of Twitter are reportedly pursuing a lawsuit against the company’s current owner and tech tycoon, Elon Musk, for an estimated $128.6 million. As stated in their complaint, they were fired unjustly to save around $200 million in severance payouts subsequent to Musk’s purchase of Twitter in 2022.
The complainants include former Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett. They allege that Musk fired them without legitimate grounds and fabricated reasons to validate their termination. They go on to claim that he then appointed employees from his other companies to maintain this decision.
A federal complaint filed on Monday in San Francisco backed these claims. The document reveals a purported confession by Musk to biographer Walter Isaacson. Musk is alleged to have expressed a plan to terminate the executives “for cause” before they could benefit from their stock options. Furthermore, he is accused of manifesting resentment towards the obligation of purchasing the company. Musk further threatened to “hunt every single one of” Twitter’s executives and directors until their end, according to the complaint.
Get more information about the ongoing case at this link.