Elon Musk, the CEO of Tesla, who recently purchased Twitter, is considering lowering pay for staff in high positions at the firm, according to Reuters.
He denounced to banks which agreed to finance his acquisition of Twitter that he wants to cut the salaries of the top management of the social network. The source of the publication claims that Musk also found a new applicant for the post of CEO of Twitter. However, there are no details about the nomination.
Musk has previously said he plans to get rid of Twitter’s board of directors compensation, which would save about $3 million. In addition, the businessman plans to create additional ways to monetize some messages on Twitter.
On April 25, the entrepreneur bought Twitter for $44 billion. Morgan Stanley bank agreed to provide him with a $12.5 billion margin loan secured by Tesla shares. Musk also planned to pay $21 billion in personal funds. At the same time, the largest private investment groups refused to give money to the billionaire to buy out the social network.
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
Read Related News On TDPel Media
Advertisement
Kimbal Musk Reveals Tensions with Brother Elon Musk Over Twitter Acquisition in New Book: In a revelation that sheds light on family dynamics within the Musk clan, Kimbal Musk, Elon Musk’s brother, has disclosed that he and his billionaire...
Technical Glitches Plague Ron DeSantis’s Twitter Campaign Launch, Raising Questions about Elon Musk’s Fox News Challenger Ambitions: …By Joseph Benjamin for TDPel Media. Glitches marred the launch of Ron DeSantis’s presidential campaign on Twitter, casting doubts on Elon Musk’s ambitions to transform...
Elon Musk and Mark Zuckerberg Engage in Twitter Spat, Fueling Speculation on Meta’s Twitter Rival: …By Henry George for TDPel Media. Musk and Zuckerberg Exchange Taunting Tweets A peculiar exchange unfolded on Twitter when Elon Musk responded to a post...
Grimes and Shivon Zilis, Elon Musk’s baby mamas, put differences aside following the singer’s accusation that Elon denies her access to her kids.: Resolution of Conflict Between Grimes and Shivon Zilis, Elon Musk’s Baby Mamas Ceasefire in the House of Musk Grimes, the mother of three of Elon...
Elon Musk’s right-hand man vows to restore Twitter account of Charles C. Johnson: One of Elon Musk’s top lieutenants has reportedly promised an infamous right-wing provocateur that his Twitter ban will be lifted ‘soon’. Jared Birchall, who runs Musk’s personal investment...
Free speech vs hate speech: How will Elon Musk impact Twitter?: Elon Musk describes himself as a “free-speech absolutist,” leaving rights groups fearful that Twitter will provide a forum for hate speech and disinformation under his...
AOC responds to Elon Musk after he joked she was ‘hitting on him’ following his Twitter purchase: Alexandria Ocasio-Cortez has finally responded to to Elon Musk after he joked in a tweet that she was ‘hitting on him’ when she was actually slamming him for...
Elon Musk Announces Leadership Change at Twitter, Introduces New Role: …By Henry George for TDPel Media. Elon Musk, the CEO of Tesla and interim CEO of Twitter, recently revealed a significant leadership change at the...
‘All these damn birds have to go’: Elon Musk to Twitter aide prior to bringing down company’s iconic chirpy logo: Elon Musk’s takeover of Twitter, marked by the replacement of the company’s iconic bird logo with a dark X sign, was characterized by a series...
Elon Musk Paid back with the interest the $1 BILLION borrowed from SpaceX in the same month as his $44B Twitter takeover: Elon Musk’s $1 Billion SpaceX Loan and Twitter Takeover Loan and Repayment In a financial move that caught attention, Elon Musk borrowed $1 billion from...