Home News Elon Musk said on Twitter that the salaries of members of the...

Elon Musk said on Twitter that the salaries of members of the company’s board would be zero if his takeover bid was successful


“Board salaries would be zero if my offer was successful, so I would save about $ 3 million a year,” Musk wrote on Twitter in response to a post criticizing the board.

Musk, a “free speech absolutist” who criticized Twitter’s policies, did not detail the tweet.

Twitter did not immediately respond to a request for comment.

Continuing his tirade against the company, Musk on Thursday launched a poll in which he asked his 80 million followers whether “taking over Twitter for $ 54.20 per share should be at the discretion of shareholders, not the board.” administration “, to which a large majority answered” Yes “.

Tesla CEO later posted on Twitter “Love Me Tender,” a song by Elvis Presley, after Twitter opted for a plan to sell discounted shares to prevent any attempt by shareholders to gain a stake. over 15%.

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Musk currently owns a 9.1% stake in Twitter.

Meanwhile, in a series of responses to the tweet, co-founder and former CEO Jack Dorsey on Saturday criticized Twitter’s board of directors, saying that “there has been a constant dysfunction of the company”.

Dorsey’s statement was a response to a tweet from risk investor Garry Tan that said, “The wrong partner on your board can literally evaporate a billion dollars.”

Twitter shares rose about 4% to $ 46.85 per unit, but were significantly below Musk’s offer of $ 54.20 per unit.

The price of Twitter shares has risen by about 15% since Musk revealed his stake in the company on April 4.

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Meanwhile, Twitter was also told by Thoma Bravo, a technology-focused private equity firm with more than $ 103 billion in assets under management at the end of December, that it was exploring the possibility of developing a takeover bid. social media company.

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