- Walter Isaacson stated he “would not be surprised” if Elon Musk confronted extra lawsuits over Twitter.
- The biographer stated the day the deal closed it was “quite contentious” in Twitter’s headquarters.
- Isaacson shadowed Musk final week for his biography on the Tesla CEO.
Walter Isaacson, an creator who has been shadowing Elon Musk for a biography on the billionaire, stated he may see Musk concerned in additional litigation over his Twitter buy.
“I think Musk has said in the past that whether it’s on the bot issue or many other issues, he suspects that he’s been misled,” Isaacson stated in an interview Monday with CNBC Squawk Box. “And so I would not be surprised at all if there are lawsuits involving everything from compensation to people he feels have withheld information illegally from him.”
The biographer shadowed Musk over the previous week as the billionaire followed through along with his plans to purchase Twitter.
On Sunday, Musk tweeted a screenshot of a message from May 17 by way of Twitter’s inside Slack messages from Yoel Roth, Twitter’s head of security and integrity.
“Wachtell & Twitter board deliberately hid this evidence from the court,” Musk tweeted, referencing the social media firm’s authorized crew. “Stay tuned, more to come…”
—Elon Musk (@elonmusk) October 31, 2022
In his initial countersuit towards Twitter’s makes an attempt to drive him to purchase the firm, Musk argued the social media firm deliberately misled him as to the variety of rip-off accounts on its web site. At the time, experts said Musk’s argument was weak as he had signed an ironclad settlement to buy the firm.
Isaacson stated he wasn’t certain how “successful” the lawsuits would be and famous that Musk may additionally be dealing with litigation from executives who’s severance funds may be in “jeopardy.”
Within moments of taking on Twitter, Musk fired 4 high executives at the firm, together with former Twitter CEO Parag Agrawal and CFO Ned Segal. The former executives had been set to receive golden parachutes price $38.7 million and $25.4 million, respectively. But The Information reported that Musk fired the executives “for cause” in an try to keep away from the pay outs, citing an individual accustomed to the situation. The billionaire has since denied the accusation.
Ultimately, the biographer stated the scene was tense when Musk and his bankers sat down with Twitter executives to shut the deal on Thursday night after months of litigation.
“They’re in a conference room on the second floor of Twitter headquarters, and the deal is supposed to be closing, and it’s not shall we say, the friendliest thing,” Isaacson stated, recalling the occasion. “It’s not as if the Twitter executives are bringing down bottles of champagne, and it became through the evening quite contentious.”
A day earlier, Musk entered Twitter’s headquarters in excessive spirits, carrying a toilet sink and joking about the acquisition. But Insider’s Kali Hays reported that inside hours of buying the firm the billionaire launched a weekend of coding sprints after asking crew leaders to compile ranked lists of workers primarily based on efficiency evaluations.