Musk made the remarks while testifying in a Delaware court to defend his $56 billion pay package at Tesla.
Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.to defend against claims that his $56 billion pay package at Tesla was based on easy to achieve performance targets and was approved by a compliant board of directors.
Tesla investors have been increasingly concerned about the time that Musk is devoting to turning around Twitter.“There’s an initial burst of activity needed post-acquisition to reorganize the company,” Musk said in his testimony. “But then I expect to reduce my time at Twitter.” Musk also admitted that some Tesla engineers were assisting in evaluating Twitter’s engineering teams, but he said it was on a “voluntary basis” and “after hours.”Anadolu Agency via Getty ImagesGetty Images
The billionaire’ s first two weeks as Twitter’s owner has been marked by rapid change and chaos. He quickly fired Twitter’s previous chief executive and other senior leaders and then laid off half of Twitter’s staff earlier this month. Musk sent an email to Twitter employees early Wednesday, telling them they needed to decide by Thursday whether they wanted to stay on at the company to
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Leer más »
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Leer más »
Tesla board chair testifies in Elon Musk compensation lawsuit in DelawareThe head of Tesla's board of directors says her focus in helping develop a huge compensation package for CEO Elon Musk in 2018 was the results he could bring, not how many hours he devoted to the job.
Leer más »
Elon Musk pay package at Tesla challenged in Delaware courtThe compensation plan for CEO Elon Musk at the center of the dispute is potentially worth more than $55 billion.
Leer más »
Icahn, Einhorn, Loeb, Jones bet big on Elon Musk closing Twitter dealIcahn, Einhorn, Loeb, and Paul Tudor Jones piled into Twitter stock last quarter, suggesting they felt confident that Musk would complete his takeover.
Leer más »
Twitter staff slam Elon Musk: 'Did you even bother to learn?'Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »