150 billion can buy you hair plugs but can't buy you thicker skin
Twitter and Musk
- Thread starter VicBee
- Start date
150 billion can buy you hair plugs but can't buy you thicker skin
The SEC may want a few words. You can't be promising employees pre-IPO stock options unless your corporation ownership is structured to provide this pre-IPO ownership of shares by employees. Musk has not filed any documents indicating a Twitter corporate structure which supports a plan similar to SpaceX's -- hence he cannot be making any promises about stock.
Musk tells Twitter employees they can still receive stock even though the company is private
https://www.cnbc.com/2022/11/14/musk-tells-twitter-employees-they-can-still-receive-stock.html
Musk said the stock plan will resemble the one in place at SpaceX, where he is also CEO. SpaceX conducts secondary offerings regularly as a way for long-time stockholders to sell equity, given that the company remains private more than 20 years since its founding.
SpaceX employees are granted their stock awards twice a year, on May 15 and Nov. 15.
Musk told Twitter employees that “exceptional amounts” of shares will be granted for “exceptional performance.”
The billionaire began a rocky takeover of the social media company after closing his $44 billion acquisition on Oct. 28. His leadership has been marked by massive layoffs, spending pauses from some advertisers and confusion about the platform’s policy changes. When Musk first took over, some Twitter employees were concerned that he would hasten to fire them before a crucial vesting date. Many were paid, however, before Musk implemented a massive workforce reduction.
Read Musk’s message to employees:
Even though Twitter is now a private company we absolutely will continue to provide stock and options as part of our ongoing compensation plan.
The stock plan will be much like that of SpaceX, which has been very successful. As with SpaceX, exceptional amounts of stock will be awarded for exceptional performance.
Thanks,
Elon
Musk tells Twitter employees they can still receive stock even though the company is private
https://www.cnbc.com/2022/11/14/musk-tells-twitter-employees-they-can-still-receive-stock.html
- Twitter’s new owner Elon Musk told employees Monday they can receive stock and options as part of an “ongoing compensation plan” even though the company is now private, according to an internal memo viewed by CNBC.
- Musk told Twitter employees that “exceptional amounts” of shares will be granted for “exceptional performance.”
Musk said the stock plan will resemble the one in place at SpaceX, where he is also CEO. SpaceX conducts secondary offerings regularly as a way for long-time stockholders to sell equity, given that the company remains private more than 20 years since its founding.
SpaceX employees are granted their stock awards twice a year, on May 15 and Nov. 15.
Musk told Twitter employees that “exceptional amounts” of shares will be granted for “exceptional performance.”
The billionaire began a rocky takeover of the social media company after closing his $44 billion acquisition on Oct. 28. His leadership has been marked by massive layoffs, spending pauses from some advertisers and confusion about the platform’s policy changes. When Musk first took over, some Twitter employees were concerned that he would hasten to fire them before a crucial vesting date. Many were paid, however, before Musk implemented a massive workforce reduction.
Read Musk’s message to employees:
Even though Twitter is now a private company we absolutely will continue to provide stock and options as part of our ongoing compensation plan.
The stock plan will be much like that of SpaceX, which has been very successful. As with SpaceX, exceptional amounts of stock will be awarded for exceptional performance.
Thanks,
Elon
There is no "free speech" at Musk's Twitter...
Elon Musk is firing Twitter employees even when they criticize him in private
Musk confirmed he’d fired employees after they spoke out in Twitter and even the company’s private Slack. Platformer’s sources say 20 people have been fired for Slack posts so far.
https://www.theverge.com/2022/11/15/23460729/elon-musk-fire-twitter-engineers-dissent
I wonder if The Onion might have it right:
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They can all show up at the office. Online work is no longer necessary. There are things you cannot do efficiently, talking via video conference. Elon Musk was right to fire that abusive employee. He forgot that Elon Musk was paying his salary.
I object to the "genius" implication.
Musk: "Sign this form saying you agree to work 80 hour / 7 days weeks or get terminated."
Yeah, this will go over well at Twitter.
Elon Musk sent a midnight email telling Twitter staff to commit to an 'extremely hardcore' work schedule — or get laid off with 3 months' severance
https://www.businessinsider.com/elo...mmit-extremely-hardcore-work-laid-off-2022-11
Yeah, this will go over well at Twitter.
Elon Musk sent a midnight email telling Twitter staff to commit to an 'extremely hardcore' work schedule — or get laid off with 3 months' severance
https://www.businessinsider.com/elo...mmit-extremely-hardcore-work-laid-off-2022-11
- Elon Musk sent an ultimatum to all Twitter staff in a midnight email.
- Staff have been given 40 hours to agree to "extremely hardcore" work, or be laid-off.
- Musk said he required long hours at a high intensity, following reports of 80-hour weeks.
You should let them know who you work for, GWB - that allows you to just post all day long. Probably a better place for them.
The Telsa investors have some questions about what the heck Musk is doing.
Musk's all-nighters at Twitter raise concern for Tesla investors
https://www.reuters.com/business/au...ter-raise-concern-tesla-investors-2022-11-15/
Musk's all-nighters at Twitter raise concern for Tesla investors
https://www.reuters.com/business/au...ter-raise-concern-tesla-investors-2022-11-15/