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- cross-posted to:
- [email protected]
Elon Musk’s alleged penchant for not paying bills is catching up with him. In the wake of numerous lawsuits claiming the world’s richest man failed to pay severance owed to many of the 6,000 employees he fired after acquiring Twitter. On Monday, CNBC reported that the tech company now known as X is facing some 2,200 arbitration cases filed by ex-employees, which come with $3.5 million in required fees—an amount that doesn’t even include the actual severance owed to those Musk let go.
In October, shortly after taking Twitter’s reins, Musk laid off more than half of its employees, promising most at least two months’ salary plus a week’s pay for every year they’d worked at the firm. Thousands claim that they haven’t received a single dime, and ex-employees have since filed several lawsuits seeking their promised benefits.
Zuckerberg spends about $30 million per year on personal security, I would guess the rest of the billionaires do the same.
That’s really modest too by comparison. Current presidents average around 1.5 billion per year give or take.
That seems high, according to this the cost to protect the entire trump family was $120 million:
https://time.com/4762234/congress-donald-trump-security-costs-trump-tower/