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In this illustration, Elon Musk's Twitter relationship is displayed connected the surface of a mobile telephone with the Twitter logo successful the background. A whistleblower's ailment that Twitter misled national regulators astir the company's information risks could supply Elon Musk with caller ammunition successful his bid to get retired of buying the institution for $44 billion.
Sheldon Cooper | Lightrocket | Getty Images
Twitter's caller proprietor Elon Musk told employees Monday they tin proceed to person banal and options arsenic portion of an "ongoing compensation plan" adjacent though the institution is present private, according to an interior memo viewed by CNBC.
Musk said the banal program volition lucifer the 1 successful spot astatine SpaceX, wherever helium is besides CEO. SpaceX conducts secondary offerings regularly arsenic a mode for long-time stockholders to merchantability equity, fixed that the institution remains backstage much than 20 years since its founding.
SpaceX employees are granted their banal awards doubly a year, connected May 15 and Nov. 15.
Musk told Twitter employees that "exceptional amounts" of shares volition beryllium granted for "exceptional performance."
The billionaire began a rocky takeover of the societal media institution aft closing his $44 cardinal acquisition connected Oct. 28. His enactment has been marked by monolithic layoffs, spending pauses from immoderate advertisers and disorder astir the platform's argumentation changes.
Read Musk's connection to employees:
Even though Twitter is present a backstage institution we perfectly volition proceed to supply banal and options arsenic portion of our ongoing compensation plan.
The banal program volition beryllium overmuch similar that of SpaceX, which has been precise successful. As with SpaceX, exceptional amounts of banal volition beryllium awarded for exceptional performance.
Thanks,
Elon
--CNBC's Lora Kolodny and Michael Sheetz contributed to this report
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