Max KennerlyTwitter can't pay its bills. The banks that funded the acquisition can't syndicate the debt. Revenue plummeted and shows no signs of improving. There aren't even any plans to improve revenue. Stock awards are worthless.
Ann Lipton@maxkennerly Also he reneges. https://www.wsj.com/articles/elon-musk-made-an-unusual-request-in-fallout-with-a-top-lieutenant-11668140888
DanYup. I assume he will do some sort of long-term vesting option that allows him to fire one-day before it vests and they lose everything.
Force the current employees to stay against their will or lose this package.
It is performance-based. So he will likely just do some really shortsighted rule that only gives programmers who write tons of crappy code the $$ and leaves everyone else out in the cold. And makes it very easy for them to lose all of the bonus too.
I imagine he would love some sort of stack ranking system where the bottom 20% of coders immediately lose their unvested bonus.
Mapache@Danielsand I imagine he would actually love some sort of stack ranking system where the bottom 20% are flown to a remote island where he gets to hunt them for sport. (Nobody tell him how that worked out for General Zaroff.)
Nicky🦨✌️@Mapache 🤣 it seems probable…
@Mapache musk’s ideal would be the top 20% find out their reward is not stock options, but Musk takes them out to dinner (McDonalds because he is incredibly cheap) and they get to spend 20 minutes talking to him while he eats his food.
They have to pay for their own burger.
They have to pay for their own burger.