Elon Musk Refuses , to Pay Former Twitter , Execs' Travel Expenses.
On November 22, 'The New York Times' reported that Elon Musk has declined to pay travel invoices submitted by Twitter executives prior to his takeover.
On November 22, 'The New York Times' reported that Elon Musk has declined to pay travel invoices submitted by Twitter executives prior to his takeover.
According to current and former staff, former Twitter executives had racked up hundreds of thousands of dollars in travel invoices prior to the October acquisition.
Since taking over, Musk has allegedly refused to pay these bills despite the fact that they were authorized by previous management.
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The 'NYT' article claims that Musk's staff appears to have been avoiding calls from travel vendors looking to collect.
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Business Insider reports that Twitter has since created new guidelines for work-related travel which was relayed to employees through a company email on November 21.
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Business Insider reports that Twitter has since created new guidelines for work-related travel which was relayed to employees through a company email on November 21.
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According to the email, travel must be for "business-critical purposes" and have manager approval before arrangements are made.
Moving forward, Twitter's managers can spend $500 on a work-related trip, while a director can spend $5,000, a vice president can rack up $10,000 in expenses and "CEO staff" can drop $20,000.
Moving forward, Twitter's managers can spend $500 on a work-related trip, while a director can spend $5,000, a vice president can rack up $10,000 in expenses and "CEO staff" can drop $20,000.
The email also listed a number of other ways that Twitter would be cutting costs and switching to a "partially paid model.".
A number of perks were "discontinued," including home Wi-Fi, wellness, quarterly team activities and free lunches, which Musk said cost over $400 per meal in 2022.
According to the email, Twitter is buckling down amid, "a challenging economic climate where greater attention to cost management is essential.".
According to the email, Twitter is buckling down amid, "a challenging economic climate where greater attention to cost management is essential."
