Elon Musk Teases Twitter Board Members’ Salary Sale Succeeds—Says $0 for Executives

Elon Musk teases the Twitter board members' salary in the event that the sale comes through and succeeds for him, and it will be $0 for the executives in the higher management. There are many ways to save money in the company, and it is one of the ideas or suggestions of Musk to help the social media platform cut on their expenses.

Elon Musk teases Twitter Board Members' Salaries

The Tesla CEO explicitly said that Twitter board members would have no salaries once the social media platform became his, and it is something he publicly shared via the social media. The largest shareholder of the social media is not holding back with his words and plans for the future, something that the public already knows as it is posted online.

Musk replied to a tweet by Gary Black, an SEC-registered investment adviser who talked about how much the Twitter board members make working for the company in a year. Black said that each board member earns approximately $250,000 to $300,000 a year from the company, and it is only a part-time job to oversee the best interests of the company.

The Twitter shareholder said that there will be as much as $3 million savings a year if it will not compensate its board members.

Twitter is Still Not Going Private with Musk

Twitter's board members protect the best interests of the company and its shareholders, and they mostly decide on the social media platform's ventures. As of the moment, there are no new developments to Twitter's purchase with Musk as the new owner, and it is not going private with the world's top billionaire.

Elon Musk and Twitter

Twitter board members rejected Elon Musk's offer and bid to purchase Twitter from its shareholders and investors and make the company private after several years of being a public entity. There were initial deliberations about the social media company's purchase, but the answer, for now, is a no for the famous tech billionaire and executive.

Since then, Musk has been going on about journalistic freedom on the platform, and it means that the most significant shareholder in Twitter will make considerable changes once social media is under him. Musk once questioned a Saudi Arabian Prince's point of view regarding press freedom and why its current company should not sell social media to him.

Elon Musk and Twitter were two entities that were massive in bringing updates to the social world, especially in this centralized era where everything is found on each platform on the web. The news of Musk purchasing massive Twitter shares became a significant event for the platform, with its founder and CEO welcoming the Tesla CEO.

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Written by Isaiah Richard