Billionaire entrepreneur Elon Musk has threatened to suspend or expel members of the company’s board of directors who tried to block the takeover at a disadvantage if it succeeds in its takeover of Twitter.
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Musk, who has been valued at nearly $ 270 billion by Forbes, said he would fire directors at Twitter or at least cut their compensation if his $ 43 billion acquisition happened.
In response to investment adviser Gary Black, he said that Twitter pays its board members an additional $ 250,000 to $ 300,000 a year in cash and shares for part-time work as external directors.
“If my bid is successful, the board’s salary will be $ 0, which would save $ 3 million a year,” Musk said in a Twitter post.
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