"Board salary will be $0 if my bid succeeds, so that's
~$3M/year saved right there," Musk tweeted in response to a user's post
criticizing the board.
Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there
— Elon Musk (@elonmusk) April 18, 2022
Musk, a self-described "free speech absolutist"
who has been critical of Twitter's policies, did not elaborate on the tweet.
Twitter did not immediately respond to a request for comment.
Continuing his tirade against the company, Musk had launched
a poll on Thursday asking his 80 million followers if "taking Twitter
private at $54.20 should be up to shareholders, not the board", to which a
large majority responded "Yes".
Later, the Tesla chief executive also tweeted "Love Me
Tender", an Elvis Presley song, after Twitter opted a plan to sell shares
at a discount to prevent any attempt by shareholders to amass a stake of more
than 15 percent. Musk currently has a 9.1 percent stake.
Meanwhile, in a series of tweet replies, co-founder and
former CEO Jack Dorsey called out Twitter's board on Saturday, saying
"it's consistently been the dysfunction of the company."
big facts
— jack⚡️ (@jack) April 17, 2022
Dorsey's statement was a reply to a tweet by venture
capitalist Garry Tan that said: "The wrong partner on your board can
literally make a billion dollars in value evaporate."
it’s consistently been the dysfunction of the company
— jack⚡️ (@jack) April 17, 2022
Shares of Twitter were up about 4 percent at $46.85, still
significantly below Musk's offer of $54.20 per share. They have risen roughly
15 percent since Musk disclosed his stake on April 4.
Meanwhile, Twitter has also been informed by Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, that it was exploring the possibility of putting together a bid. © Reuters