Twitter's Zero Cost Basis Policy

Steve Davis sent a 3 a.m. email to 15 to 20 managers complaining about Twitter's rent obligations, which totaled 130 million annually. Killian was informed by the transition team that he would have to justify his spin to Musk personally and that if Musk was not convinced that the expenses were necessary, he would simply default on his contractual obligations and let the expenses go unpaid. In essence, it quickly became clear to Killian that Musk's intended method of operation was to obtain services from vendors without any intention of keeping the agreements or paying for services requested and received. He even went so far as to prevent Twitter from paying the janitorial staff for the work they had already provided after the jan