Elon Musk wants to cut Twitter CEO’s salary

JEsla boss Elon Musk has responded with a brothel to Twitter’s board, which is resisting a planned takeover by Musk. “(Twitter) executive’s salary will be $0 if I’m successful,” Musk tweeted on Monday. “So that’s $3 million a year that we’re saving here.” Musk responded with the tweet to a post from another user who had criticized the Twitter forum.

Musk already owns around 9% of Twitter and wants to take over the company for around $43 billion. Twitter’s board is unenthusiastic about it and reacted with a “poison pill”: Twitter announced on Friday the launch of a frequently used procedure that aims to prevent large investors from increasing their stake.

According to an insider, investment firm Thoma Bravo, which focuses on the tech industry, also informed Twitter that it was also considering an offer for Twitter. However, it’s unclear how high that could be and if it will come at all, the person familiar with the process said. Thoma Bravo declined to comment on this.

Twitter shares rose 3.5% on Monday to $46.68. That’s well below the $54.20 Musk is offering per share.

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