--- title: "\"Board salary will be $0 if my bid succeeds,\" says Elon Musk on Twitter" description: "Elon Musk, after becoming the biggest shareholder of the giant social media platform Twitter, now says if his bid passed he would offer $0 salary to t" author: "Sanjay Goenka" published: 2022-04-18 updated: 2022-04-18 canonical: https://www.mindstick.com/news/1576/board-salary-will-be-0-if-my-bid-succeeds-says-elon-musk-on-twitter category: "twitter" tags: ["twitter api", "twitter", "technology", "technology news"] reading_time: 3 minutes --- # "Board salary will be $0 if my bid succeeds," says Elon Musk on Twitter Elon Musk**[offered $43 billion](https://yourviews.mindstick.com/view/83271/elon-musk-ready-to-buy-twitter-in-41-billion)** to Twitter after announcing his shareholdings in the [social media](https://www.mindstick.com/articles/13056/how-to-leverage-social-media-to-attract-lots-of-blog-traffic) giant company ‘Twitter’ but board members of the company denied to accept his proposals and **[filed a suit against Elon Musk](https://www.mindstick.com/news/1559/suit-filed-against-elon-musk-by-twitter-shareholder-over-delay-in-disclosing-stake)** for not disclosing his holdings in the company under the US law. Musk now said the salary of the Company’s board members salary should be **$0** and he would save **$3 million per year** if his bid goes successful. ## Highlights ``` Billionaire Elon Musk has a 9.1 percent stake in Twitter He said the privatization of Twitter should be on shareholders Shares of the Twitter jumped by 4% to $46.85 (INR 3,580) ``` **Also Read: [Elon Musk's Forced Settlement with US Securities Regulator Over Tesla Tweets](https://www.mindstick.com/news/1565/elon-musk-s-forced-settlement-with-us-securities-regulator-over-tesla-tweets)** Elon Musk commented on Twitter’s board of members on Monday after the social media company adopted a “Poison Pill” for ensuring [protection](https://www.mindstick.com/blog/301143/how-to-wear-knee-braces-for-the-best-protection) against the second-biggest [shareholder](https://www.mindstick.com/news/1547/blackberry-trying-to-settle-shareholder-lawsuit-over-blackberry-10-to-avoid-trial) which was offering $43 cash buyout offer. A billionaire investor Elon Musk tweeted yesterday for the board of Twitter “Board salary will be $0 if my bid succeeds, so that’s - $3 million/ year (INR 22 crore) saved right there,” this was his tweet in a response to a user’s post criticising the board. !['Board salary will be $0 if my bid succeeds,' says Elon Musk on Twitter](https://www.mindstick.com/usernews/641521/5ac8fde2-f1ad-4822-9ce7-c5cb49c25c7b/images/38af8dbc-096e-4dee-86c1-c53c105b71c6.png)\ Twitter is not healthy of Musk’s behavior and his action, he had done of the company. Musk has the nature of free speech absolutist and he has been critical of Twitters’ policies. Further, they did not elaborate on the tweet and Twitter did not comment on the request for comment. Following a long fight between Musk and Twitter, Musk has launched a poll asking his 80 million followers if “Taking Twitter private at $54.20 (Rs 4,140) should be up to shareholders, not the board,” the poll was responded by a large majority as “Yes”. Several other [tech](https://www.mindstick.com/services/technologies) [investors](https://www.mindstick.com/news/2413/with-collapse-of-ftx-genesis-alerts-investors-to-the-possibility-of-bankruptcy-without-new-funding) following Zack Dorsey also commented over the board of Twitter as “it’s consistently been the dysfunction of the company. !['Board salary will be $0 if my bid succeeds,' says Elon Musk on Twitter](https://www.mindstick.com/usernews/641521/5ac8fde2-f1ad-4822-9ce7-c5cb49c25c7b/images/606daba0-a7ad-4e39-bc46-7ebf842c6c78.png)\ The share of the company Twitter, a social media giant was up about 4% at $ 46.85 (Rs 3,850). The current price of Twitters share is little low than the price at which Musk agreed to offer for each of the shareholders at $54.20 (Rs. 4,140) per share. Twitter’s share have risen after Elon Musk revealed his stake in Twitter. **Also Read: [Musk wants Twitter as an 'arena for free speech' hence offered $43 billion for the Twitter Platform](https://www.mindstick.com/news/1567/musk-wants-twitter-as-an-arena-for-free-speech-hence-offered-43-billion-for-the-twitter-platform)** --- Original Source: https://www.mindstick.com/news/1576/board-salary-will-be-0-if-my-bid-succeeds-says-elon-musk-on-twitter Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.