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Former Australian employees of Musk's X asked to repay overpaid funds: Report

Livemint · 1y

Elon Musk's company X is seeking the return of overpaid funds from six former Australian employees due to a currency conversion error. The company warned of potential legal actions to reclaim these overpayments, ranging from $1,500 to $70,000 per individual. The erroneous payments were linked to a deferred cash compensation plan tied to employee shares. Additionally, four ex-Twitter executives are suing X, seeking over $128 million in unpaid severance. Meanwhile, Tesla shareholders have reinstated Musk's $44.9 billion compensation package after it was annulled by a Delaware judge, but legal challenges are expected.