Ex-Twitter CEO sues company

#1

Post by csantini » Tue, Apr 11, 2023, 1:12 PM UTC

Ex-Twitter CEO sues company
arstechnica.com

Re: Ex-Twitter CEO sues company

#2

Post by 8organicbits » Tue, Apr 11, 2023, 1:26 PM UTC

How does indemnification typically work for employees? I've often seen it included in contracts.

> We contacted Twitter about the lawsuit today. The company continues to auto-reply with a poop emoji to all requests sent to its public relations email address.

Bizarre.

Re: Ex-Twitter CEO sues company

#3

Post by bilekas » Tue, Apr 11, 2023, 1:32 PM UTC

8organicbits wrote: post #2

How does indemnification typically work for employees? I've often seen it included in contracts. > We contacted Twitter about the lawsuit today. The company continues to auto-reply with a poop emoji to all requests sent to its public relations email address. Bizarre.

It's unbelievably childish and unprofessional.

Re: Ex-Twitter CEO sues company

#4

Post by cuteboy19 » Tue, Apr 11, 2023, 1:45 PM UTC

He is possibly one of the most successful CEOs in history. He managed to sell something almost worthless for 44 billion

Re: Ex-Twitter CEO sues company

#5

Post by witcH » Tue, Apr 11, 2023, 1:47 PM UTC

bilekas wrote: post #3

8organicbits wrote: post #2

How does indemnification typically work for employees? I've often seen it included in contracts. > We contacted Twitter about the lawsuit today. The company continues to auto-reply with a poop emoji to all requests sent to its public relations email address. Bizarre.

It's unbelievably childish and unprofessional.

just like Musk! totally on-brand!

Re: Ex-Twitter CEO sues company

#6

Post by Bayart » Tue, Apr 11, 2023, 1:52 PM UTC

8organicbits wrote: post #2

How does indemnification typically work for employees? I've often seen it included in contracts. > We contacted Twitter about the lawsuit today. The company continues to auto-reply with a poop emoji to all requests sent to its public relations email address. Bizarre.

What an age we live in that a massive company can be run by Twitch chat.

Re: Ex-Twitter CEO sues company

#7

Post by [deleted] » Tue, Apr 11, 2023, 1:59 PM UTC

cuteboy19 wrote: post #4

He is possibly one of the most successful CEOs in history. He managed to sell something almost worthless for 44 billion

[deleted]

Re: Ex-Twitter CEO sues company

#8

Post by sontek » Tue, Apr 11, 2023, 2:07 PM UTC

In my annual review: "You need to think about your audience with your communication.

Then Twitter to all contacts that will clearly publicize anything they say:

    We contacted Twitter about the lawsuit today. The company continues to auto-reply with a poop emoji to all requests sent to its public relations email address.

Re: Ex-Twitter CEO sues company

#9

Post by SilverBirch » Tue, Apr 11, 2023, 2:15 PM UTC

cuteboy19 wrote: post #4

He is possibly one of the most successful CEOs in history. He managed to sell something almost worthless for 44 billion

It wasn't worthless when he sold it, it's only worthless now because Musk saddled it with $13Bn of debt that he to service and tanked revenue. Twitter was definitely ~$20Bn company minimum when the deal actually closed.

Re: Ex-Twitter CEO sues company

#10

Post by SilverBirch » Tue, Apr 11, 2023, 2:19 PM UTC

Just another example of Musk being a prick. This isn't even about money - any reasonable sized company has D&O Insurance which covers the legal costs for executives in exactly this situation, so if they wanted to they could just hand over the money, claim it on the insurance and it wouldn't cost them much. What's interesting is that this has been filed in Delaware, but Musk in the last few days just completed paper work to move Twitter to Nevada. Presumably he is jurisdiction shopping to try and face less liability, I guess we'll see if it works.