Musk: Twitter Board to be Paid Nothing If He Buys Company -- Market Talk
Dow Jones2022-04-18
1124 ET - Tesla Chief Executive Elon Musk says Twitter's board of directors won't be paid if he succeeds in striking a deal to buy the social-media company. "Board salary will be $0 if my bid succeeds, so that's $3M/year saved right there," Musk says in a tweet. It is not clear what the structure of Twitter's board would look like if the billionaire successfully buys it and takes it private. Twitter spent about $2.9M in board compensation in 2021, though most of that was stock awards, according to a regulatory filing. (will.feuer@wsj.com)
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April 18, 2022 11:24 ET (15:24 GMT)
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