Elon Musk plans to settle a $128 million lawsuit with four Twitter executives he fired after buying the company in 2022.
One of Musk’s first actions in acquiring Twitter was to fire CEO Parag Agrawal, chief financial officer Ned Segal, and top lawyers Sean Ejit and Vijaya Gadde. The four executives did not receive severance packages, which they claim was because Musk tried to force them to honor his $44 billion promise when he tried to back out of the company’s takeover. The lawsuit also cites Walter Isaacson’s biography of Musk, who says he will “hunt down every single one” of Twitter’s executives “until they die.”
Court filings confirm that the parties have reached a settlement, but the terms of the settlement are not yet clear.
These executives are not the only ones suing Musk for severance pay. Musk recently settled a class action lawsuit involving 6,000 fired Twitter employees. Many of these former Twitter staffers complained that they received incomplete severance pay or no severance pay at all.