Musk’s Mega-Merger: Managerial Mediation

Billionaire Elon Musk has reached a settlement in a $128 million lawsuit with four top Twitter executives who were dismissed following his acquisition of the social media company, according to TechCrunch.

Shortly after purchasing Twitter in 2022, Musk terminated then-CEO Parag Agrawal, CFO Ned Segal, and lawyers Sean Edgett and Vijaya Gadde. The executives claimed that they were blocked from preventing Musk from walking away from the $44 billion deal, which, they argued, was the reason their severance payments were withheld.

Court filings even cited Musk’s biography by Walter Isaacson, in which Musk is quoted saying he intended to keep Twitter’s top executives in “lifelong torment.”

According to court documents, both parties have now reached a settlement, though the terms of the resolution have not been disclosed.

This follows Musk’s recent settlement of a class-action lawsuit involving 6,000 former Twitter employees, who alleged that many had not received full compensation—or any at all.