Elon Musk Asks X Employees for Achievement Summaries to Qualify for Stocks

Elon Musk Asks X Employees for Achievement Summaries

Elon Musk Asks X Employees for Achievement Summaries: A couple of the notable things that Musk tasked X employees to submit to qualify for stock distributions include, The Verge said, The Verge then saw an email that the corporation sent to the workers that said it would grant stock options based on expected productivity of the staff.

This means that for one to be awarded the shares they have to write a one-page report on their participation in the leadership of the company. Employees said that Musk had previously informed staff they could likely use stock to cash out regularly, as SpaceX employees can but the opportunity has not been delivered.

Also Read: Goga Navami 2024: Date, Tithi, and Shubh Muhurat Details for This Auspicious Festival

The report is arrived at an already tensed up atmosphere at X with employees’ promotions delayed and a series of resignations by veterans. This was corroborated by a source that was cited to have said in an interview with, The Verge that the staffs had not been given the expected April annual equity refresher.

Employment attorney Lori Deem during an interview with MSN said, “The decision to require employees to write a one-page summary of their performance in order to access stock options is not illegal. Still, it could open the door for trouble since stock options are usually rewarded on objective performance criteria rather than subjective ones in order to avoid discrimination.”

Calvi, in his report on MSN also disclosed that Elon Musk warned the employees at X (then Twitter) this year they would have to work very ‘extraordinarily hardcore’ to build the brand new Twitter 2. 0.

Also Read: India's Paralympics Medal Winners: Complete List of Champions

An email was sent by the billionaire during this time informing his staff that he would need long hours work at a high intensity and they who cannot should not work there anymore.

Business Insider says that former X staffers of Musk of Tesla have alleged that they had to work late at night to meet the unrealistic goals set by the eccentric billionaire. This comes after Musk offered a new X premium membership service due to which several employees were reportedly overheard commenting to their quickly beating Apple Watches.

Over the past few months, Venkataratnam who was VP of Tesla and Drew Baglino, Tesla’s senior VP of powertrain and electrical engineering have left the company as has Rohan Patel, another VP of public policy and business development for Tesla.

Also Read: Ibrahim Ali Khan Wins Internet by Touching Elderly Fan’s Feet: Viral Video