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Elon Musk’s takeover warfare: Tesla CEO threatens to cut salaries, ‘Their salary will be $0, if my bid succeeds,’ Elon Musk takes a sly dig at Twitter board

Elon Musk

Now on the spot between Twitter and its latest stakeholder, Elon Musk Tesla CEO says he will cut the pay of Twitter’s board of directors if he succeeds in buying the company, following the social media firm’s adoption of a poison pill plan. comes after.

A swipe at Twitter’s board on Monday after the social media company took a poison pill to protect himself from a $43 billion cash buyout offer from Elon Musk responded to a user’s post criticizing the Twitter board. Tweeted that if the salary of the bidding board is zero dollars, my bid is successful.

That therefore saves about $3 million per year, the CEO of Tesla and SpaceX, who has been critical of Twitter’s policies, did not elaborate on the tweet, with Twitter not immediately responding to a request for comment Elon Musk, who himself is called a free speech autocrat.

Elon Musk

On Thursday, Twitter’s second-largest shareholder made a full cash offer to buy the social media company at ₹54.20 per share following Twitter’s adoption. Elon Musk’s Ion tweeted Saturday Love Me An Elvis Presley Song Tender A Poison Pill is a tactic designed to thwart a hostile takeover.

Under which other shareholders get new shares in the company often at a discount, meanwhile reducing Suiter’s stake in a series of tweets, Twitter co-founder and former CEO Jack Dorsey told the company’s board on Saturday. Called out that it is the sag of the company constantly.

Dorsey’s statement was a response to a tweet by venture capitalist Gary Tan that said the wrong partner on your board could literally $1 billion. More than 9 stakes were disclosed.

Their salary will be $0, if my bid succeeds,’ Elon Musk takes a sly dig at Twitter board

Now as the war of words continues between Elon Musk and US microblogging site Twitter, the Tesla CEO has now said he will take a pay cut on Twitter’s board of directors if his attempt to buy the company is successful.

This comes after Twitter said it had adopted a poison pill plan to protect itself from a takeover bid. Our next report has all the details. Take a look Elon Musk took a swipe at Twitter’s board on Monday when social media The company adopted the poison pill to protect itself from Elon Musk’s 43.

The Twitter board, in response to a user’s post criticizing Elon Musk, tweeted that the quote board’s salary would be zero dollars if my bid was successful, hence a savings of about $3 million per year. happened.

There are CEOs of Tesla and SpaceX who have been critical of Twitter’s policies. Twitter did not immediately respond to a request for comment.

Elon Musk, who calls himself a free speech autocrat, Twitter’s second largest shareholder, on Thursday made an all-cash offer to buy the social media company for Rs 54.20 per share.

On Saturday, Twitter adopted the poison pill Elon Musk tweeted after Elon Musk tweeted Love Me an Elvis Presley song. A poison pill is a strategy designed to thwart hostility. Acquisitions in which other shareholders often receive new shares in the company at a discount. .

Meanwhile, in a series of responses to the tweets, Twitter co-founder and former CEO Jack Dorsey on Saturday quoted the company’s board as saying that it has been a persistent laxity.

Company Dorsey’s statement was a response to a tweet by venture capitalist Gary Tan, who said that the wrong partner on your board could literally make a billion dollars worth, Twitter shares soared nearly 15 percent since Musk announced his April 4. had disclosed more than nine per cent stake.

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