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by toomuchtodo 1204 days ago
$100M, due on termination, which provides some color as to why the employee in question was asking Twitter HR to confirm their employment status.

https://mas.to/@fsinn/109984180905588540

https://twitter.com/williamlegate/status/1633176820072816640

2 comments

The 100m amount is not based on anything concrete

“ typical acquihires in the engineering space are priced at $1 million / head, and his company had 50-100 employees from what I read. So the $100 million figure is an educated guess based on what I’ve seen to be industry standards”

https://twitter.com/williamlegate/status/1633183689659105288...

Amazing how easily a big round number gets shared as fact.

Sorry to repeat myself, but that tweet provides no evidence.
Incredibly, a whole bunch of news sites are using that tweet as evidence, and other sites are then using those sites as evidence of evidence.

e.g. [1] says "As per a buy-out clause included in the contract of Ueno’s acquisition" which links to [2] which, you've guessed it, links to that tweet as evidence of the $100m buyout / severance.

(As far as I can find, Twitter never disclosed the terms of the Ueno acquisition and no-one else seems to have published them either. Hilariously LeGate later explains his numbers to someone asking by saying, basically, "I pulled them out of my arse". A true Muskian move.)

[1] https://www.bosshunting.com.au/hustle/elon-musk-firing-halli...

[2] https://www.benzinga.com/news/23/03/31250643/elon-musk-backt...