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  • I have to say that in this case it sounds like Elon Musk has a point. If his court filings are to be believed:

    In the middle of the board's final October 27 meeting, former Twitter general counsel Sean Edgett sent the chart of fees that the Twitter board was meeting to approve. Upon seeing the magnitude of the fees being presented for the board's approval, one former Twitter director immediately exclaimed in an email reply to Edgett:

    O

    My

    Freaking

    God

    Despite any initial shock, Twitter's lame duck board members voted to approve Wachtell's excessive and unconscionable fee.

    Immediately following the Twitter board's rubber-stamp approval, [Chief Legal Officer Vijaya] Gadde signed Wachtell's letter agreement. Then, to ensure that the eleventh-hour fee payment went through before the Musk Parties (Twitter's new owners) could learn about the massive gift included in that fee, Edgett expedited the wire payment on the invoice for the balance ($84,294,962.97) of the $90 million total fee that Wachtell had submitted to Twitter the day before. Twitter's $84 million wire to Wachtell was posted only ten minutes before Gadde and Edgett were terminated upon the closing of the merger.

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