Twitter's former execs may receive $200 million in stock payouts

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Twitter's former execs may receive $200 million in stock payouts
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Twitter's former C-suite received nearly $200 million in combined stock payouts after Elon Musk fired them

A representative for two of these of executives confirmed these payouts have have not yet happened. Previously, Musk

that all of the executives were fired"for cause" and therefore would not be paid out as their contracts called for.roughly 927,000 shares of common stock at the time of his firing, which would convert to $50.2 million at Musk's purchase price, according to an SEC filing. Agrawal had another 241,508 shares of restricted stock that should have vested upon his firing, giving him another payout of $13 million.

On Friday night, around the same time these stock disclosures were filed publicly, Musk through the newsletter writer Matt Taibbi released what he called"

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