Elon Musk’s Vengeance: The Untold Story
Get in the way of Elon Musk at your own peril – turns out the world’s richest businessman is the vengeful guy.
The Twitter Closing Drama
According to an upcoming biography by acclaimed author Walter Isaacson, the Twitter closing was brought forward a few hours in a cloak-and-dagger plan to punish the CEO Parag Agrawal and the management of the company. Instead of allowing top executives to resign with the change of control as originally expected, Musk changed plans at the last second without their knowledge, Isaacson wrote in an excerpt published in the Wall Street Journal. That way, he could terminate their employment before their stock options vest.
The Belief in Fraudulent Practices
The Tesla CEO and new owner sought revenge because he believed Agrawal’s team had fraudulently inflated the number of monetizable Twitter users, leading to Musk paying the original $44 billion. This price was coincidentally proposed last April, just before tech valuations began to decline this summer. Isaacson wrote that Musk justified this last-minute change of plans because he believed Twitter management had misled him.
Lawsuits and Battle
An attempt by the Tesla CEO to back out of the deal he signed with the company’s board of directors was thwarted by a Delaware court after then-Twitter chairman Bret Taylor filed a lawsuit to enforce the deal. After months of trying to build an argument that Agrawal and the board had misled investors by deliberately concealing the extent of commercially worthless accounts on the platform, Musk finally relented in the midst of an argument lack of evidence.
Musk’s Perfectly Timed Revenge
Even as Musk realized defeat was inevitable, he still had a card up his sleeve. The dismissal of Agrawal and his top lieutenants meant he could deal one final deathblow to those who had defeated him. However, for this plot to work, everything had to be perfectly timed and executed. Every second counted when Musk wanted to outsmart Agrawal.
The Precise Moment
Punctually at 4:12 p.m. Pacific Time on October 28, 2022, just as the deal was being finalized, the tycoon’s assistant delivered letters of resignation to the Twitter CEO and his top three lieutenants. Six minutes later, they were all escorted out of the building and cut off from the company’s email traffic. Isaacson revealed that Agrawal had his resignation letter ready to be mailed, citing the change of control. However, when his Twitter email got cut off, it took him a few minutes to transfer the document to a Gmail message. By that point, he had already been fired by Musk.
Unveiling Musk’s Vengeful Nature
This act of vengeance, which Isaacson reveals in all its carefully planned glory, doesn’t come entirely out of the blue. In July, it emerged that Musk was trying to punish the law firm itself which successfully represented Twitter’s board of directors in his case against him, alleging in a lawsuit that it overcharged the social media company for winning the $44 billion lawsuit on behalf of shareholders.
Elon Musk: More Than Just Altruism
The richest person in the world has claimed multiple times that he doesn’t care that much about money or the economics of his Twitter deal, since he bought Twitter for the future of civilization and to help humanity. But that doesn’t seem entirely true. He obviously doesn’t care, at least if he feels like he’s been betrayed.
Conclusion
Elon Musk’s vengeful nature is a side of him that many may not have known. The incident with the Twitter closing and his calculated revenge against Parag Agrawal and his team shed light on Musk’s determination to right what he perceived as a wrong. This untold story reveals a different side to the world’s richest businessman, showing that he is not afraid to take revenge when he feels deceived. While Elon Musk presents himself as a visionary focused on the greater good, this incident reminds us that he is a force to be reckoned with and can go to extreme lengths to protect his interests.
Summary
Elon Musk’s vengeance was on full display during the Twitter closing drama. He changed plans at the last second to punish Parag Agrawal and the management of the company, terminating their employment before their stock options vest. Musk believed Agrawal’s team had fraudulently inflated the number of monetizable Twitter users, leading to him paying the original $44 billion. His attempt to back out of the deal was thwarted by a Delaware court, but he finally relented due to a lack of evidence. Musk’s revenge was perfectly timed, with resignation letters delivered at the precise moment the deal was being finalized. This act of vengeance unveils Musk’s vengeful nature and his determination to protect his interests. Despite presenting himself as focused on the greater good, this incident reminds us that he can go to extreme lengths when he feels deceived.
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Get in the way of Elon Musk at your own peril – turns out the world’s richest businessman is the vengeful guy.
According to an upcoming biography by acclaimed author Walter Isaacson, the Twitter The closing was brought forward a few hours in a cloak-and-dagger plan to punish the CEO Parag Agrawal and the management of the company.
Instead of allowing top executives to resign with the change of control as originally expected, Musk changed plans at the last second without their knowledge, Isaacson wrote in an excerpt published in the Wall Street Journal. That way, he could terminate her employment before her stock options vest.
“There are 200 million [dollar] There’s a difference in the cookie jar between closing tonight and closing tomorrow morning,” he told Steve Jobs’ biographer, whom Musk personally chose to pen an official account of the tycoon.
The Tesla CEO and new owner sought revenge because he believed Agrawal’s team was fraudulent inflated the number of monetizable Twitter users. That led to Musk paying the original $44 billion — a price he coincidentally proposed last April, just before tech valuations began to decline this summer.
“It was bold, even reckless,” Isaacson wrote of the last-minute change of plans. “But it was justified in Musk’s eyes because he believed Twitter management had misled him.”
An attempt by the Tesla CEO to back out of the deal he signed with the company’s board of directors was thwarted by a Delaware court after then-Twitter chairman Bret Taylor filed a lawsuit to enforce the deal.
After months of trying to build an argument that Agrawal and the board had misled investors by deliberately concealing the extent of commercially worthless accounts on the platform, Musk finally relented in the midst of an argument lack of evidence.
“His lawyers eventually convinced him that he was going to lose the case,” Isaacson said.
Perfectly implemented to the minute
Even as Musk realized defeat was inevitable, the cornered CEO still had a card up his sleeve. The dismissal of Agrawal and his first lieutenants meant he could deal one final deathblow to those who had defeated him.
However, for this plot to actually work, according to Isaacson, everything must be perfectly timed and executed. Every second counted when Musk wanted to outsmart Agrawal.
Punctually at 4:12 p.m. Pacific Time on October 28, 2022, just as the deal was being finalized, the tycoon’s assistant delivered letters of resignation to the Twitter CEO and his top three lieutenants.
Six minutes later, they were all escorted out of the building and cut off from the company’s email traffic.
“Agrawal had his resignation letter ready to be mailed, citing the change of control. But when his Twitter email got cut off, it took him a few minutes to transfer the document to a Gmail message,” Isaacson wrote. “By that point, he had already been fired by Musk.”
This act of vengeance, which Isaacson reveals in all its carefully planned glory, doesn’t come entirely out of the blue, however.
In July, it emerged that Musk was trying to do the same punish the law firm itself which successfully represented Twitter’s board of directors in his case against him, alleging in a lawsuit that it overcharged the social media company for winning the $44 billion lawsuit on behalf of shareholders.
The richest person in the world has claimed it multiple times doesn’t care that much about money or the Economics of his Twitter dealsince he bought Twitter to “future of civilization‘ and altruistic help humanity.
But that doesn’t seem entirely true. He obviously doesn’t care, at least if he feels like he’s been betrayed.
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