Elon Musk calls out Twitter for $7.75 million severance package to whistleblower

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Posted: September 13, 2022

Photo by Alexander Shatov via Unsplash

Elon Musk calls out Twitter for $7.75 million severance package to whistleblower

By the Movieguide® team

As Twitter’s lawsuit against Elon Musk develops, the Tesla CEO pointed out that Twitter’s $7.75 million severance package to Pieter “Mudge” Zatko, the company’s former security chief company, is another reason to justify its exit from the $44 billion deal.

“Twitter did not seek consent from defendants…prior to making this payment nor was this payment disclosed to defendants,” the letter, posted Sept. 9, Lily. “In fact, the defendants only learned of this payment when Twitter filed the separation agreement with the court on September 3, 2022.”

In a Sept. 12 letter, Twitter’s attorneys denied Musk’s argument, writing, “Twitter has not breached any of its representations or obligations under the Agreement.

“As was the case with each of your prior purported terminations, the third purported termination of the Musk Parties is invalid for the independent reason that Mr. Musk and the other Musk Parties continue to knowingly, intentionally, willfully and materially violate the Agreement” , Twitter wrote.

Movieguide® has already reported:

Two months have passed since Elon Musk announced he would no longer go ahead with his deal to buy Twitter due to a lack of transparency from the company about the number of fake accounts and spam on social media app.

Now, with a former Twitter executive testifying to the company’s lack of effort to reduce the number of bot accounts on their site, Musk’s lawyers note that Musk is justified in his decision to walk away from the deal. $44 billion.

“Although the Musk parties believe that this notice of termination is not legally necessary to terminate the merger agreement because they have already validly terminated it pursuant to the notice of termination dated July 8, the Musk parties deliver this notice of additional termination in the event the Jul. 8 notice of termination is deemed invalid for any reason,” read an Aug. 29 letter from Musk’s attorneys to Twitter’s chief legal officer, Vijaya Gadde, according to Variety.

“The facts supporting these breaches, which were withheld from the Musk parties but known to Twitter at the date of the merger agreement and at the time of the July 8 termination notice, provided additional basis for terminate the Merger Agreement effective that date and provide additional grounds for terminating the Merger Agreement today if the termination of the Merger Agreement by the Musk Parties pursuant to the July 8 termination notice is deemed invalid for any reason,” the letter reads.

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Elaine R. Knight