"Their Salary Will Be $0 If...": Elon Musk Targets Twitter Board

Elon Musk currently 9.1 per cent stake in Twitter and is the social media company's second-biggest shareholder.

Elon Musk took a swipe at the board of Twitter today, a day after the company adopted a "poison pill" to protect itself from a takeover bid. "Board salary will be $0 if my bid succeeds, so that's ~$3M/year saved right there," Musk tweeted in response to a user's post criticizing the board.

Musk currently 9.1 per cent stake in Twitter and is the social media company's second-biggest shareholder. Earlier this week, the Tesla chief executive had offered to buy out the company for $43 billion.

Elon Musk, a self-described "free speech absolutist", has been critical of Twitter's policies. On Thursday, he asked his 80 million followers on the micro-blogging platform if "taking Twitter private at $54.20 should be up to shareholders, not the board".

Later, the Tesla chief executive also tweeted "Love Me Tender", an Elvis Presley song, after Twitter opted for a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%.

Musk has tweeted several other product ideas since buying a stake in Twitter, from eliminating ads to an edit button. He also asked followers if the company's headquarters should be converted into a homeless shelter.

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In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

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