Elon Musk loses fight with ex-Twitter staffer, must pay $600K

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How would twitter pay this guy? Twitter doesn't have any money. Their profits were always negative even before musk sank the company by telling advertisers to go f themselves.

Elongated Muskrat is the new Mike Pillow. Maybe Musk should look at history: how trying to befriend a malignant narcissist worked out so well for the lumpy pillows.
Like so many tech companies, Twitter spent years with people pumping money to cover the losses as it grew. So it had plenty of cash when Musk bought it. I don't think that has run out yet.

But it will. Then Musk has to choose between letting Twitter go bankrupt or selling shares of his other companies to put money into Twitter. Both could be bad for the price of Tesla stock.
 
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KingKrayola

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For a "Senior Executive" who was an employee for NINE years, Twitter wasn't paying much! The original 3 months severance was $25,000 soooo he was earning the equivalent of $100,000 per year? Even with stock options (which how is higher up people are often compensated in addition to salary) and maybe other benefits (which he might not have retained after employment ended), that compensation isn't great. Also, Twitter's stock isn't publicly traded anymore, so who knows how much it is worth for purposes of stock options!

I'm glad this guy won in court. I don't hate or dislike Elon Musk, but I'm disappointed that he didn't have (or didn't bother to consult) internal counsel prior to trying make continued employment "Opt-In" at Twitter!
Remember we Europeans typically aren't paid as much as USAians because we don't need to cover crazy medical costs or tuition fees, and we have comparatively solid employment rights.
 
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Gunman

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Remember we Europeans typically aren't paid as much as USAians because we don't need to cover crazy medical costs or tuition fees, and we have comparatively solid employment rights.
Not just that, but in many countries the 40-50% tax on your salary that goes directly to the state isn't actually considered part of your salary in many countries (which is also why it seems that scandinavia has such high salaries compared to other similar EU countries). For some reason this is often omitted in salary comparisons and I don't know why.
 
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chelgrian

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I wish, but I remember news articles about Twitter refusing to pay rent for its offices getting similar comments. I have not seen any follow-up news of Musk getting comeuppance.
Twitter was evicted from is Boulder office last year for unpaid rent.

https://meincmagazine.com/tech-policy...victed-from-colorado-office-over-unpaid-rent/
The Crown Estate sued over the London HQ, now it was a civil case so the outcome is not public however they were likely forced to pay under threat of asset seizure since later that year twitter appointed JLL to sublease 100,000 sq ft of the space.

The wheels of justice turn slowly but in reasonable jurisdictions they do turn.
 
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Thom Kidd

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So you're saying the staff at TwitterX have been trained to click on any email links that say "Click here if you don't want to be fired"?

Hmmmm....
At first I was aghast at your implication... but then I felt more like this:

1723578381047.png



edited: removed the spoiler tag as it was only smudging the pic and not replacing with a "spoiler" click through.
 
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orwelldesign

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For a "Senior Executive" who was an employee for NINE years, Twitter wasn't paying much! The original 3 months severance was $25,000 soooo he was earning the equivalent of $100,000 per year? Even with stock options (which how is higher up people are often compensated in addition to salary) and maybe other benefits (which he might not have retained after employment ended), that compensation isn't great. Also, Twitter's stock isn't publicly traded anymore, so who knows how much it is worth for purposes of stock options!

I'm glad this guy won in court. I don't hate or dislike Elon Musk, but I'm disappointed that he didn't have (or didn't bother to consult) internal counsel prior to trying make continued employment "Opt-In" at Twitter!

You, uh, don't even dislike Elon Musk? Sure, hate is a little strong as a word choice.

But dislike? He bought Twitter specifically to reinstate bigots and reward them for their bigotries. Like, that was his stated purpose.

That's pretty dislikeable, IMHO. He's like world famous for being a hypocritical jackass, one who serially sexually harasses his employees. Oh, and he made Tesla into Tesla, but now it's just TSLA instead of being a car company.

Pretty dislikeable fellow, if you ask me.
 
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OrangeCream

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How would twitter pay this guy? Twitter doesn't have any money.
Twitter can liquidate then.
Their profits were always negative even before musk sank the company by telling advertisers to go f themselves.
That’s untrue. Twitter was a profitable company.
Elongated Muskrat is the new Mike Pillow. Maybe Musk should look at history: how trying to befriend a malignant narcissist worked out so well for the lumpy pillows.
An IPO is another option.
 
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motytrah

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Twitter was evicted from is Boulder office last year for unpaid rent.

https://meincmagazine.com/tech-policy...victed-from-colorado-office-over-unpaid-rent/
The Crown Estate sued over the London HQ, now it was a civil case so the outcome is not public however they were likely forced to pay under threat of asset seizure since later that year twitter appointed JLL to sublease 100,000 sq ft of the space.

The wheels of justice turn slowly but in reasonable jurisdictions they do turn.
UK Civil collections are fairly strong. IIRC Delta Airlines found out the hard way that Bailiffs can block your checkin counters until you pay.
 
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Twitter can liquidate then.

That’s untrue. Twitter was a profitable company.

An IPO is another option.
Another IPO would mean more investors, who would demand that Musk take actions to make Twitter more profitable. Which would mean Musk would have to please advertisers to get them back.

I can't see Musk giving up that much control.
 
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fenncruz

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How would twitter pay this guy? Twitter doesn't have any money. Their profits were always negative even before musk sank the company by telling advertisers to go f themselves.

Elongated Muskrat is the new Mike Pillow. Maybe Musk should look at history: how trying to befriend a malignant narcissist worked out so well for the lumpy pillows.
Don't tech companies keep their IP and money in Ireland to help with the tax shenanigans tax planning and keeping money out of the USA?
 
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_dgc_

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The fact Musk is getting away with:

1. Running hostile / racist / mysogynist work environments
2. Shutting down an advertising watchdog merely by filing a suit (not winning it; simply filing it)
3. Is largely getting away with unilaterally changing terms of employment with little to no recourse for employees...

Is just going to empower more of such activities. In the US especially, I can working for tech companies run by billionaire asshats becoming ever more dystopian.

Cheers to the Irish court for acknowledging the obvious and forcing X / Musk to face the consequences of their anti-employee / illegal activities. Now, what mechanisms do they have to enforce the outcome? I'm gonna guess not very effective ones because when it comes to billionaires and corporations the fix is always in - in their favor.
At least he's not in charge of the oxygen supply. Well, that is, so far?
 
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RZetopan

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Thank you for this!
It's been a pet peeve of mine for a while when authors do this. If the subject doesn't provide a comment, don't make one up for them.
Particularly since they could be laughing hysterically (possibly correctly) thinking that they can just ignore it.
 
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dahamsta

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Twitter will just refuse to pay, and drag it in courts, while Elon calls out those ex-staffers in a bunch of tweets, and brigades his army of weird fans at them. I guess I'm a pessimist, but I just don't expect any justice anymore. Elon always gets away with everything, he's too rich.
Ireland is not America.
 
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Mardaneus

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Do you know how much of an asshole you have to be to get the Irish to side against your big tech company? This is the country that said "No thanks" when the EU ruled that Apple owed them 13 billion euros in back taxes.
And in 2020 won the case against the EU declaring Irish tax law to be retroactively illegal since the EU does not have that ability/right (generally speaking retroactive applications of law do not survive a challenge since it punishes entities for doing things that were legal up to that point). Since that until 2014 when the EU forced Ireland to close the loophole it was very much legal according to Irish tax law. And the EU could in no way or form decide what Irish tax law is without Irish consent.

This was not so much a "No thanks" to a multi billion windfall as a statement of sovereignty with Ireland denying the EU the right to determine something vital for a country, their tax policy. At least not without a proper framework that Ireland (and other countries in the EU) agreed on, on how to implement such interference.
 
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Mardaneus

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Twitter will just refuse to pay, and drag it in courts, while Elon calls out those ex-staffers in a bunch of tweets, and brigades his army of weird fans at them. I guess I'm a pessimist, but I just don't expect any justice anymore. Elon always gets away with everything, he's too rich.
Refusal to pay will result in asset being seized and sold to get the money for the penalty.
As spiteful as Musk has shown himself to be he will appeal and keep doing that until he runs out of courts.
Don't tech companies keep their IP and money in Ireland to help with the tax shenanigans tax planning and keeping money out of the USA?
Not anymore. The Double Irish with a Dutch was basically discontinued in 2010 with a change in Irish tax law so you merely needed to do the Double Irish trick. The EU negotiated with Ireland so that in from 2015 on the Double Irish loophole was closed as well with a grace period for existing users until 2020. At this point there is no point to use Ireland for tax evasion other then the lower general tax percentage compared to other countries.
Aren't your taxes higher, though? (I ask with true interest, not trying to play "gotcha".)
Yes. But that is usually already incorporated when people say they earn X amount, that is the net they receive in their bank account. The tax office sends an invoice with the difference between that and what you do need to pay once a year (if you are a citizen) since it doesn't include for example the rebate you can get, where I live, for having a mortgage on your home or non work related income.
 
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