• Source:JND
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X (formerly Twitter) owner Elon Musk was recently in the news for suing OpenAI. However, this time, the Tesla CEO is getting the limelight as the ex-Twitter CEO Parag Agarwal and three other former X staff have sued the billionaire over unpaid severance (estimating roughly $128 million). Apart from the Indian-origin former boss, Ned Segal (ex-CFO), Vijaya Gadde (former chief legal officer) and Sean Edgett (former general counsel) are among the names who filed the lawsuit.

Elon Musk reacted to a post from a user which said: "Parag Agrawal is suing Elon Musk claiming that he did in fact get a lot done that week" with an emoji. The lawsuit filed in US District Court for the Northern District of California claims that Musk demonstrated "special ire" towards the four of them by "publicly vowing to withhold their severance payments of around $200 million" during the time of the takeover deal.

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"Under Musk's control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others. Musk doesn't pay his bills, believes the rules don't apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him," the lawsuit added. Musk terminated the employment of the former boss, Segal and Gadde at X (then Twitter) in October 2022.

These three top officials reportedly had an exit package of over $ 100 million after they left the microblogging site. Agrawal was allocated roughly $40 million from this pie due to the "entirety of his shares vesting upon his firing". The filing in San Francisco's federal court is among the latest challenges that Musk faces after the takeover deal of $44 billion, which Musk tried to back out from initially.

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According to the former executives, the SpaceX boss fired them falsely accusing them of misconduct after they sued him for trying to default on the offer to buy the social media platform. "This is the Musk playbook: to keep the money he owes other people, and force them to sue him," the former X employees said in the lawsuit.

With inputs from IANS, Reuters

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