Elon Musks Says Twitter Board Members’ Salary Will Be $ 0 If His Bid Succeeds
Elon Musk has been critical of Twitter’s policies
New Delhi:
Elon Musk took a swipe at the board of Twitter today, a day after the company adopted a “poison pill” to protect itself from a takeover bid. “Board salary will be $ 0 if my bid succeeds, so that’s ~ $ 3M / year saved right there,” Musk tweeted in response to a user’s post criticizing the board.
Musk currently 9.1 percent stake in Twitter and is the social media company’s second-biggest shareholder. Earlier this week, the Tesla chief executive had offered to buy out the company for $ 43 billion.
Elon Musk, a self-described “free speech absolutist”, has been critical of Twitter’s policies. On Thursday, he asked his 80 million followers on the micro-blogging platform if “taking Twitter private at $ 54.20 should be up to shareholders, not the board”.
Later, the Tesla chief executive also tweeted “Love Me Tender”, an Elvis Presley song, after Twitter opted for a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%.
Musk has tweeted several other product ideas since buying a stake in Twitter, from eliminating ads to an edit button. He also asked followers if the company’s headquarters should be converted into a homeless shelter.
