3 ms·
That’s not how contracts work, especially for parachutes where you’ll have very strict rules for what allows avoiding payment. Even for regular employees, dismi
by dagmx 4y ago
That’s not how contracts work, especially for parachutes where you’ll have very strict rules for what allows avoiding payment. Even for regular employees, dismissal en masse will have labour boards rightfully looking deep into this.
Simply becoming owner doesn’t give Elon the carte blanche ability to do whatever he wants.
- Arnt 4y agoNo, it doesn't do that. But neither does it affect existing contracts — as I said. If Elon can find an old excuse that suits the contract's language, he can use it. The lawyers are sure to fight over it when a payment of >10m is in question, but Elon isn't barred from using arguments that related to before his takeover — despite what GP said.