Twitter board’s salary will be $0 if my bid succeeds: Elon Musk

Earlier this week, Musk had offered to buy out Twitter for $43 billion

Elon Musk, Twitter
Musk is the micro-blogging site’s second biggest shareholder, with 9.1 per cent stake in the company

SpaceX and Tesla CEO billionaire Elon Musk took a swipe at the Twitter board, a day after the company adopted a “poison pill” to protect itself from a takeover bid.

“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.

Musk is the micro-blogging site’s second biggest shareholder, with 9.1 per cent stake in the company. Earlier this week, Musk had offered to buy out the company for $43 billion.

Elon Musk, a self-described “free speech absolutist”, has been critical of Twitter’s policies.

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On Thursday, Musk asked his 80 million followers on the micro-blogging platform if “taking Twitter private at $54.20 should be up to shareholders, not the board”.

Also read: Elon Musk’s bid for Twitter raises red flags in many fields; here’s why

Later, the Tesla CEO also tweeted the Elvis Presley song Love Me Tender, after Twitter opted for a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15 per cent.

Musk has tweeted several other product ideas since buying a stake in Twitter, from eliminating ads to an edit button. He also asked followers if the company’s headquarters should be converted into “a homeless shelter”.

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