Now, instead of paying Rooney the draft severance amount worth a little more than $25,000, Twitter, which is now called X, has to pay Rooney more than $600,000
lol. lmao.
I always worder if these sums include the fee of the lawyer. Would really be a much smaller payout if true.
It shouldn’t, generally the order will be worded something like "The plaintiff has been awarded $xxxxx.xx + legal fees " as in whatever legal fees they accrued the defendant will have to pay in addition
But then again, what do I know IANAL lol
You could do anal and read up on laws, just maybe not at once
What an amazing businessman!
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Oh and he overpaid because he wanted the per-stock purchase stock to have the “420” gag. So instead of paying $53 per stock, he paid $54.20. That’s a total of $150 million more for a stupid joke.
Is even worse, cos twitter stock was like 35 at the time or something
I was thinking “this wouldn’t be successful in the USA”, and yep, it’s in a country with proper workers’ rights (Ireland).
No doubt some of the other affected employees in Ireland (35 of them according to the article) will sue Twitter too.
Imagine taking pride in this fucking gold plated cesspool we call the US.
It boggles the mind.
I’ve lived in the USA for 11 years, and there’s a lot of things in the USA that I really like, but the lack of worker and consumer rights is a major issue. At least California has some consumer rights, but it’s nowhere near as strong as where I’m from (Australia).
Ireland has attracted many tech companies including Twitter, and the latter has a massive employment footprint here.
I wouldn’t mind corporate tax breaks to public companies (like ireland gives) as long as the gov’t taxes private wealth enough to fund decent social programs like Ireland.
My experience living and working across Europe, including The Netherlands which is pretty similar to Ireland, is that the result of a low corporate tax system for the common people is to end up paying high personal taxes whilst getting inferior public services: it really stands out just how bad the public services are for the amount of personal taxes one pays in a place like The Netherlands compared to other countries in Europe.
The low corporate tax scheme can work for city states and similarly tiny nations (Singapore, Luxemburg, Cayman Islands and so on) probably because the additional jobs they bring do make a lot of difference in a place with so few people, but it doesn’t seem to work all that well in nations that aren’t micro (though the trickery of counting the passing-through profits from whole continents of those large companies in the local GDP of the low corporate tax nation, does allow politicians there to swindle the Economically-uneducated and claim they made the country “grow”).
Damn, $600k times 35 people is only $21mil. That’s pocked change for this jerk. And yet, I’ll bet he fights paying just the $600k to the one person tooth and nail like the spoiled rich fuck that he is.
It’s interesting how most of Musk’s wealth is in stock and such, when people start cashing out on it. What’s his liquid wealth?
I assume he’s been wealthy for long enough that he’s been able to cash out interest and dividends to make him a wealthy man, constantly accruing money simply by having money.
Seeing him tank on everything he touches( bringing down the value), I have to wonder if there is a limit to his liquid funds. The world’s richest poorest man or something.
Fuck him and the horse he rode in on.
I fucking hate that so much.
“People think a thing is cool, so the person who owns the thing is cool and should get a monetary value based on a lot of people’s opinions”
And everyone is lIke “Yes this system is great! Let’s do this with more people”.
And then one day nobody thought the thing was cool anymore for…reasons (Tesla) and so that person loses money relatively proportional to how many cool points they lose in the minds of a bunch of other people.
But that’s a travesty and this person’s coolness now affects a lot of other people’s coolness to the point that it could severely fuck up the economy if enough people stopped thinking they were cool. So we have to keep telling this person we still think they’re cool so that shit doesn’t get really bad until we have a better plan in place to deal with it.
And then we’re like fuck…that was stupid…we shouldn’t do that again. And everyone agrees.
Meanwhile we’re still doing it with countless other people and things and we’ll act just as shocked pikachu face the next 30 times it happens.
It’s so fucked up and dumb.
You can’t fuck his horse, he had to sell it to cover his debts. It’s someone else’s horse now.
Is that the horse that he offered to that airline attended as payment to fuck him after he pulled out his penis in front of her on the plane? They liquidated that horse?
If he tried to liquidate all of his Tesla shares on the open market over a period of time, I wouldn’t be surprised if it was less than half.
SpaceX is another story though as it’s not public and he can just do a private sale. He could probably get very close to what his shares are worth, maybe even more as it’s value keeps going up each time they raise money.
Also the shares will be worth more the less it is controlled by him.
Maybe longer term, but short/medium term it adds 715 million shares which will increase supply dramatically. The price won’t be able sustain that.
Google SBLOC and you understand where he gets all his cash
It would still take 375000 Rooneys to deplete Musk’s wealth.
Kill the techno-feudal lords.
I’m really curious about the profile of who is still working there and their reasons for being there. Not speculating. Just the facts.
H1B hostages
A lot of them are immigrants who will be deported if they lose the job. I know I’d rather live in either California or Texas than a lot of places in India. (Especially these days, if the immigrant is a Muslim.)
So slaves?
Essentially, yes. But slaves who apparently feel like the alternative is worse. Obviously, that doesn’t justify anything, it just makes it even more depressing.
There was a never a slave who thought the alternative was better. That’s how slavery exists.
If they thought the alternative was better, they would leave. They do not have to work at Twitter if they don’t want to. But they are also desperate to stay away from where they came from. They’re not literally chattel slaves because they get paid and they are allowed to quit, but they are being put in a very bad position where they are essentially forced to keep working at Twitter if they don’t want a life of poverty, and now oppression if they’re Muslim, in Mumbai.
What the hell are you talking about? I’m pretty sure the millions of people the Romans enslaved did not volunteer for a better life but were in fact brutalized through violence and abducted from their homes.
In 2022 there were some stories of how people on work visas were unable to jump ship while others were fleeing en masse. And now after all the tech layoffs in the USA, I imagine that finding another company to sponsor their visa, has become a lot harder still. So that’s one group still working there: people who will be deported if they lose their job.
I have never worked there (or any other major tech company) but if I had a job there, I wouldn’t give it up until I’d found another job. Perhaps the people there aren’t going crazy at the job hunt and still just haven’t found another job they want.
It’s really easy to think “all the layoffs are over and I made it” and “job hunting is painful, I don’t want to do it today” and just coast for a long time.
I’m sure every awful thing he does spurs another effort for job hunting, but unless the job actually makes them work harder or fires them, it probably doesn’t change much for them.
Also, they get paid a lot more than I do, and sometimes it’s worth the pain to keep raking in that cash.
Most of these tech companies pay really well, although you can argue about the benefits of that when most of your money goes towards paying for a landlord’s retirement.
The boss may be a complete bell-end but most of them will never have to deal with him.
That’s the only reason to upvote anything musk.
Glad he lost.
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