Indian-origin Parag Agrawal, former CEO of Twitter (now called X), and three other employees have sued Elon Musk for about $128 million in unpaid severance. Agrawal, along with ex-chief financial officer Ned Segal, former Twitter head of legal and policy Vijaya Gadde and former Twitter General Counsel, Sean Edgett, have filed the lawsuit against the billionaire.<\/p>\n
Musk on Tuesday reacted with just an emoji, when a follower posted: \u201cParag Agrawal is suing Elon Musk claiming that he did in fact get a lot done that week.\u201d The lawsuit claimed that the Tesla CEO showed \u201cspecial ire\u201d towards them by \u201cpublicly vowing to withhold their severance payments of around $200 million,\u201d when he took over Twitter in 2022 for $44 billion.<\/p>\n
\u201cUnder Musk\u2019s control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others. Musk doesn\u2019t pay his bills, believes the rules don\u2019t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,\u201d read the lawsuit, filed in the US District Court for the Northern District of California.<\/p>\n
In October 2022, Musk informed Agrawal, Gadde and Segal that their employment with the company was terminated. According to reports, the three top executives had an exit package of more than $100 million when they left the company. Agrawal was set to receive the largest payout at around $40 million, largely due \u201cto the entirety of his shares vesting upon his firing.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian-origin Parag Agrawal, former CEO of Twitter (now called X), and three other employees have sued Elon Musk for about\u2026<\/p>\n","protected":false},"author":28,"featured_media":33103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[157,10713,10021,10714,10715,305],"class_list":["post-33102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-elon-musk","tag-former-ceo-parag-agrawal","tag-multi-million-dollar-lawsuit","tag-unpaid-severance","tag-us-district-court-for-the-northern-district-of-california","tag-x"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/33102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=33102"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/33102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/33103"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=33102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=33102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=33102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}