The Information reported that Musk fired the executives because they were going to get fired.
The CEO and three other executives were fired by him.
According to researchers from Equilar, they are in line to get up to $122 million.
The Information reported on Saturday that Musk fired the executives for cause in order to avoid large payouts.
The CEO, CFO, legal chief, and general counsel were all removed by Musk after the deal was closed.
A person familiar with the matter told The Information that Musk had reason to dismiss the executives because he wanted to avoid payouts for unused stock awards. Two people with knowledge of the situation told The New York Times that the executives were considering their options.
The former executives were in line for a total of $90 million in payouts, with most of it due to shares vested since his departure. According to Equilar, the payouts could be as high as $122 million.
According to the research director of Equilar, the executives should get the payments if they broke the law or violated company policy.
Before closing his deal over the number of fake accounts, Musk lambasted the operations of the company. His relationship with Agrawal deteriorated quickly, with the pair trading blows on social media.
The CEO of the electric car company wasted no time in making changes to the social networking site. According to Insider, team leaders and VPs were drawing up lists of people to keep on top of.
According to Insider, the new owner had to deny reports that he was going to lay off 75% of the workforce.
Musk is expected to make more layoffs quickly because of a November 1 deadline when employees are scheduled to receive stock grants as part of their compensation The newspaper reported that these are a significant proportion of compensation.
Business Insider has an article on it.
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