Musk’s surprise rejection of a Twitter board seat emerged ahead of a scheduled “day of rest” for company employees, according to a report.
emerged ahead of a scheduled “day of rest” for company employees, according to a report.
The report cited interviews with Twitter employees who asked not to be identified while discussing the company’s inner workings. Several employees told the outlet that Twitter’s internal environment was a “s–t-show” after Musk’s deal with the board fell through. Under the terms of his initial agreement with Twitter, Musk would have received a board seat through at least 2024 and would be barred from acquiring more than 14.9% of the company. Without that deal in place, Musk is free to acquire a larger stake in the company and push for greater influence over its operations.
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