Elon Musk has been sued by Twitter's former top executives over $128M unpaid severance.
Former Twitter chief Parag Agrawal, former chief financial officer Ned Segal, former chief legal officer Vijaya Gadde and former general counsel Sean Edgett were the four former senior executives filing the lawsuit.
They alleged that Musk sacked them "without reason, then made up fake cause" in order to avoid paying money. The lawsuit claims that they are owed one-year salary and stock rewards.
As per this calculation, Agrawal is owed more than $57 million; Segal over $44 million; Gadde over $20 million and Edgett more than $6 million.
They were told that they were fired for "gross negligence and wilful misconduct". However, the fired executives alleged that Musk was angry about being forced to purchase Twitter in 2022 for $44 billion under threat of a lawsuit.
In a separate development, the Tesla and SpaceX founder lost his world's richest person title to Amazon founder Jeff Bezos, according to Bloomberg Billionaire Index.
This comes after Tesla shares tumbled around 7.2 per cent on Monday, pegging Musk's net worth at $197.7 billion. Bezos's net worth is $200.3 billion as of March 4.
