WRC awards record payment to ex-Twitter employee


The appeal (if Musk bothers - as he may well do if there are other cases in the pipeline) will be interesting.
 
Marsupial said:
The appeal (if Musk bothers - as he may well do if there are other cases in the pipeline) will be interesting.
Click to expand...

There were other cases in the High Court that were settled -

Twitter executive Sinead McSweeney settles High Court action against company | BreakingNews.ie

Last month Ms McSweeney, who is Twitter's Global Vice President for Public Policy, secured a temporary High Court injunction preventing the social networking giant from terminating her contract of employment
www.breakingnews.ie
 
Towger said:
It is one thing being awarded the money, it is another thing to get it. The WRC case is probably only the start.
Click to expand...

True but given recent comments by Simon Harris on social media regulation - I suspect Musk will have bigger battles to concentrate on..esp if Trump doesn't win the US election..
 
Some difference in the packages in Twitter v's the bank! Illustrates how much Big Tech is distorting the market here
 
I would say twitter will appeal, otherwise there will be a bunch more. There is a time limit to appeal (6 months) a firing, and from recent cases you need to demonstrate you actively tried to minimise your losses by getting another job.

So if anyone else appealed their cases it should be coming up too. At the time I doubt twitter understood or cared about the different employee protections in different countries and states.
 
Delboy said:
Some difference in the packages in Twitter v's the bank! Illustrates how much Big Tech is distorting the market here
Click to expand...
This is a different scenario though. A package in a bank might typically be 5 weeks per year plus statutory, based on the employee’s salary, which in this case was €137,000. So with 9 years’ service he’d get around €120,000 plus statutory.

Here we’ve someone getting compensation for wrongful dismissal, based on their losses as a result of what happened.
 
By going to a publicly-accessible adjudication, it means either that (at least) one of the parties rejected the offer of pre-mediation (the outcome of which would remain confidential) or that they couldn’t arrive at a mutually-acceptable agreement.

I think Twitter would have made some effort to settle prior to adjudication as they would know that other cases are in the pipeline. The scale of the award is something they and their representatives wouldn’t have foreseen.
 
Delboy said:
Some difference in the packages in Twitter v's the bank! Illustrates how much Big Tech is distorting the market here
Click to expand...
The article stated
The complainant had a total compensation package at the time of €369,937, including a basic salary of €137,000 plus a 30% performance bonus.
Click to expand...
This confused me. Salary plus performance bonus amounts to €178,100. What accounts for the other almost €200K in his package? The basic salary plus bonus in itself was already a lot more than what the bank were paying (€178,100 versus €129,897) but the total package figure quoted for Twitter is quite confusing.

Still it was great to see the verdict, a truly fitting response for a crass email and way of behaving. Hopefully he will receive the majority of this figure in time.
 
Presumably stock options or the like, a larger ER pension, maybe healthcare for the whole family that isn't offered by the bank he now works for....benefits outside of stock options could be 35% or more easily.
 
misemoi said:
Presumably stock options or the like, a larger ER pension, maybe healthcare for the whole family that isn't offered by the bank he now works for....benefits outside of stock options could be 35% or more easily.
Click to expand...
ER Pension would typically amount to what, around 10% of basic? Healthcare, even if a very high level package would still only amount to less than 5% of that basic salary. That's about 15% extra. The figure quoted was almost an extra 150% of the basic, that's a lot of stock options! As others have said, that's quite the package and it would be hard for any Irish business to compete with that! Anyway, I digress from the main point here.
 
Yes impossible to compete with that. Must be a struggle then if you have to go back to a normal role outside of tech, especially if a lot of losses happened and there are more people competing for the same roles. Maybe there is more job security in banking? Who knows.
 
Ceist Beag said:
As others have said, that's quite the package and it would be hard for any Irish business to compete with that!
Click to expand...
Very true, but any such business generating billions in revenue would almost certainly paying the higher management layers very well.
 
You must log in or register to reply here.
Menu
Log in
Register