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If Elon Musk acquires Twitter, he will pay all board members $0 salaries.

Posted by Aadrika Sharma on Monday, April 25, 2022, In : #WATCHLiST 



Key Takeaways:

  • Musk stated he would simply dismiss all board members, reducing collective salaries to “$0 if my bid succeeds, therefore that’s $3M/year saved right there.”
  • Musk’s sudden $43 billion takeover proposal, which came just a week after he filed documents with the Securities and Exchange Commission claiming to be a passive investor in the microblogging website, was followed by Twitter’s decision to use a “poison pill” defence.


  • Existing shareholders will be able to buy more...

Continue reading ...
 
 

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