Elon Musk's X has reached a settlement with four former Twitter executives, including the former CEO, over a dispute involving $128 million in unpaid severance. The executives accused Musk of reneging on his promise to provide the severance pay after he acquired Twitter in 2022 and terminated their employment. According to the lawsuit, Musk falsely accused the executives of misconduct and forced them out, despite their strong performance. The plaintiffs, Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett, claim they are entitled to one year's salary and substantial stock options. The settlement terms remain confidential, but this resolution comes amidst a series of legal challenges Musk has faced since acquiring Twitter. Notably, X has also settled a separate lawsuit with Twitter employees who lost their jobs during mass layoffs, totaling $500 million in unpaid severance. These cases highlight the complex legal landscape surrounding Musk's leadership at Twitter, raising questions about the treatment of employees and the integrity of corporate promises.
