Elon Musk threatens Twitter

Elon Musk threatens Twitter

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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