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Elon Musk Says $0 Salary for Twitter’s Board
Source: Staff Reuters, Global News, April 19, 2022
Shares of Twitter were up about four per cent at US$46.85, still significantly below Musk’s offer of US$54.20 per share.
Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s US$43 billion cash buyout offer.
“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.
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