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Musk’s X settles lawsuit with ex-Twitter executives over $128m in unpaid severance (www.theguardian.com)

submitted 8 months ago by cm0002@sh.itjust.works to c/usa@midwest.social

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Elon Musk and X have settled with four former top executives at Twitter, including the former CEO, who accused the billionaire of failing to pay $128m in promised severance pay after he acquired the social media company in 2022 and fired them.

The former executives say that Musk falsely accused them of misconduct and forced them out of Twitter after they sued him for attempting to renege on his offer to buy the company. The plaintiffs are Parag Agrawal, Twitter’s former CEO; Ned Segal, Twitter’s former chief financial officer; Vijaya Gadde, its former chief legal officer; and Sean Edgett, its former general counsel. Musk and X have denied wrongdoing and said the executives were fired over their performance.

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[–] givesomefucks@lemmy.world 7 points 8 months ago

Settlements should be illegal.

Make them admit guilt in the courtroom and disclose evidence.

The current system the wealthy can do whatever and buy their way out, at least if they admit guilt and disclose evidence, people might stay away