Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups





















THE MORNING RANT: Storm Clouds Are Converging Over America’s Shipping and Transportation Industries | Main | The Intercept: Government -- the FBI, In Particular -- Is Pressuring Social Media Platforms to Push Official US Propaganda on Origins of Covid and Even the Afghanistan Withdrawal, and Censor Anything that Contradicts It
October 31, 2022

Elon Musk Fired the Top Four Censors at Twitter "For Cause," Denying Them a Combined $122 M in Golden Parachute Payouts;
He Might Force The Thousands of No-Account Lefty Blue-Ticks to Pay $20 Per Month To Keep Their Verification

Love it.

Elon Musk has dismissed four top executives at Twitter "for cause" in order to avoid having to pay them eight-figure severance packages, according to a report.

Immediately after completing the acquisition of Twitter on Thursday, Musk fired four top executives at the site -- CEO Parag Agrawal; CFO Ned Segal; Chief Legal Officer Vijaya Gadde; and General Counsel Sean Edgett.

Musk reportedly terminated the executives "for cause" -- which would void a clause in their contract that entitles them to payouts worth tens of millions of dollars in severance and unvested stock options, according to reports on Saturday by the New York Times and the Information.

The research firm Equilar told Reuters on Friday that Agrawal, Segal, and Gadde are in line to receive golden parachutes worth a total of some $122 million.

Equilar, which researches executive compensation, estimates that Agrawal's exit payout will total some $57.4 million while Segal will collect $44.5 million after his termination.

Gadde, who has become a lightning rod of controversy due to her reported role in aggressively policing Twitter's platform and banning users who run afoul of content moderation rules, is scheduled to receive a $20 million payout, according to Equilar.

Elon Musk's contract to purchase Twitter required that he pay the executives according to their existing contracts, including golden parachute provisions, but those contracts included nullifying those provisions if they were fired "for cause."

Did he have cause to fire them? Obviously they're all going to sue him. Does he have something that can withstand scrutiny in court?

He thinks he does -- he says the Twitter board defrauded the court in his own lawsuit against them.

I assume he believes the lawyers all assisted in this fraud.

hidtheevicence.jpg

But is that "cause"? They will argue that even if they did do that, they were breaking the law for the benefit of Twitter and its shareholders, in which case they would not have been fired "for cause" by the previous regime. They screwed over the next owner, but not the last one (the shareholders), and they'd argue it's the last owner they had a fiduciary responsibility to. Even if they did commit a bit of Light Fraud on a Court to do so.

We'll see. Might be more of a leverage point to reduce the cost of a settlement than an earnest attempt to defeat their inevitable lawsuits.

Some claim that he's going to start laying off Twidiots today -- to deny them their year-end bonuses.

But he denies this, sadly.

Musk has also denied he has plays to lay off 75% of Twitter's staff, as reports claim.

New reports say he'll lay off 25% -- in the "first round" of layoffs.

He also told engineers to revamp the verification system -- which results in every leftwinger getting a blue check -- within 14 days or face firing.

He wants them to have that $20/month Blue-Tick Vanity Tax ready to roll out in two weeks.


As Deadline reports, he's going to squeeze the left for their cherished blue ticks.

Twitter is strongly considering charging verified users $19.99 per month to use Twitter Blue, according to reports in The Verge and Platformer, as Elon Musk seeks alternative ways of picking up more revenue.

According to the reports, which broke yesterday, Musk, who is expected to set out more layoffs this week, has tasked staff with updating Twitter Blue and quadrupling the subscription price from its current level of $4.99 per month. If staff fail to update by November 7, they could lose their roles, according to the reports.

Twitter Blue is a feature for verified users, those with a blue tick, that unlocks additional features. Under Musk's plan, these thousands of verified users would have 90 days to subscribe to the new version or lose their blue tick -- seen as a badge of honor in many professions.

The left is continuing to absolutely melt down.

This leftwinger -- who calls himself a "liberal" and who cries any time anyone suggests tightening Visa requirements for countries known to send terrorists to the US -- wants to "FOIA" Elon Musk's immigration papers to check for Chromatic Aberrations.

deanobediah.jpg


He hates these cans.





Recent Comments
Warai-otoko : "Maybe, but it contributes to isolating Israel on t ..."

JM in Ill -- Behold the Manchurian Candidate: "Ah. Yes, General Napier knew how to deal with a ba ..."

Warai-otoko : "Some worry that big brother can see into your bank ..."

Nevergiveup: "A biden Blood Libel Posted by: Nevergiveup at Feb ..."

OrangeEnt: "The SS national hotline doesn't open until 8 am, s ..."

Village Idiot's Apprentice: "I thought I had herd that part of the Gaza Cease-F ..."

pawn: "Also clear your browser cache. ..."

Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b] : "[i]Trying to decipher my homeowners insurance poli ..."

OrangeEnt: "200 Mb of free memory is way low. See if you ca ..."

Greta The Great: "Well, this sound bad: @Breaking911 4m BREAKING ..."

Hillary Clinton: " *hic* ..."

Tonypete: "JT! ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64