Re:X will go to court after failing to pay staff millions in...
by n2d4 on Wednesday December 27, 2023 @10:19AM
(#38782803)
> It's not the current management's fault either, that's the problem.
Of course it is! Elon bought Twitter and all that came with it, including all the contracts set up by the previous management.
You could have an argument that if Twitter intentionally nuked their entire company between signing the deal and the acquisition date, the old management probably committed some kind of fraud, but that's not the case here; these bonuses seem pretty reasonable for a company like Twitter before Elon took over, to ensure the transition goes well.
Of course it is! Elon bought Twitter and all that came with it, including all the contracts set up by the previous management.
You could have an argument that if Twitter intentionally nuked their entire company between signing the deal and the acquisition date, the old management probably committed some kind of fraud, but that's not the case here; these bonuses seem pretty reasonable for a company like Twitter before Elon took over, to ensure the transition goes well.