Musk Tells Twitter Employees They Can Still Receive Stock Even Though the Company Is Private

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Elon Musk told employees they can receive stock and options as part of an 'ongoing compensation plan' even though the company is now private, as a memo to workers stated that “exceptional amounts” of shares will be granted for “exceptional performance”

Twitter's new owner Elon Musk told employees Monday they can receive stock and options as part of an"ongoing compensation plan" even though the company is now private, according to an internal memo viewed by CNBC.

Musk told Twitter employees that"exceptional amounts" of shares will be granted for"exceptional performance."Twitter's new owner Elon Musk told employees Monday they can continue to receive stock and options as part of an"ongoing compensation plan" even though the company is now private, according to an internal memo viewed by CNBC.

Musk said the stock plan will resemble the one in place at SpaceX, where he is also CEO. SpaceX conducts as a way for long-time stockholders to sell equity, given that the company remains private more than 20 years since its founding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stocks are probably worth what FTX is.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in BUSİNESS

Business Business Latest News, Business Business Headlines