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Elon Musk is planning to reduce the pay of executives and board members at Twitter, Reuters reported, in a bid to crank up the company's profits.
The filings double the previously reported amount of the sell-off, which Musk is presumably conducting in order to fund his $21 billion cash commitment in buying Twitter for $44 billion.
In news dominating current business headlines, Twitter's board recently agreed to the $44 billion bid Elon Musk had made to acquire the social media platform. But who was behind the unanimous...
Twitter staffers made no bones about the fact that they're not thrilled with Tesla CEO Elon Musk 's takeover - despite being warned they could be given the boot in six months.
Twitter executives are in line for multimillion dollar payouts if Elon Musk's $44 billion buyout proceeds as planned, with co-founder Jack Dorsey the biggest winner, followed by the CEO and former chair.