[HN Gopher] Former Twitter Employees $500M Severance Suit Dismissed
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Former Twitter Employees $500M Severance Suit Dismissed
Author : Jimmc414
Score : 25 points
Date : 2024-07-11 19:13 UTC (3 hours ago)
(HTM) web link (www.wsj.com)
(TXT) w3m dump (www.wsj.com)
| tardy_one wrote:
| I don't really get his behavior on this one.. $500m is a lot to
| save, but this is someone who has lost billions more on various
| other things..
|
| In some particular markets it may be helpful to only attract
| workers who aren't very confident, but in the longer term I think
| it would hurt possibilities to have a lot of the work force take
| a piss on your job offers. I.e. never the best in a niche, only
| whoever will entertain an offer connected to Musk.
| martinbaun wrote:
| I don't know the specifics of this, but the judge ruled in his
| favor and thus the severance package didn't include this. Elon
| musk literally have a whole team of lawyers just to deal with
| all the times he gets sued for various thing - like every one
| celebrity or rich person. If he paid everytime, he would have
| went bankrupt many times.
| falcor84 wrote:
| > If he paid everytime, he would have went bankrupt many
| times.
|
| If he just paid proper severance every time (rather than
| paying out after being sued), I think he'd still be
| absolutely ok.
| tardy_one wrote:
| Deciding it is not a matter of federal law is not a ruling in
| his favor for violating norms, verbal and written contracts..
| If he can't afford the norms of compensation and leasing then
| that is a reason to never do business with him.
| lazide wrote:
| Market dynamics have been trending in the direction of
| leasing companies getting more desperate, not less.
| tardy_one wrote:
| >> but in the longer term I think it would hurt
| possibilities
|
| Doesn't matter in this weeks market, but he can't even
| convince people he's capable of remaining a passive
| investor, so ten years from now no top spots, no top
| people because the way norms are enforced is by black
| balling people like him whenever it is tolerably
| inconvenient.
| lazide wrote:
| If you can afford to blackball billionaires without going
| insolvent, then more power to you.
| tardy_one wrote:
| If you think ypu are going to make it rich signing
| contracts only the other side can enforce then how would
| you remain solvent? There's a lot more other business in
| the world.
| htrp wrote:
| From the article
|
| >The judge in California's northern district said this week that
| the lawsuit by two ex-Twitter employees incorrectly claimed the
| company's severance plan was governed by a federal law dictating
| minimum payment thresholds.
|
| From the legal docs
|
| >Plaintiff Courtney McMillian was an employee at Twitter as the
| Head of People Experience leading Compensation, Benefits, and
| other global functions.
|
| --------------------------
|
| Seems strange that the person who headed up benefits would get
| this one wrong.
| ChrisArchitect wrote:
| Some other coverage: https://techcrunch.com/2024/07/10/elon-musk-
| does-not-owe-ex-...
|
| https://news.ycombinator.com/item?id=40935439
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(page generated 2024-07-11 23:02 UTC)