Elon Musk makes himself sole director of Twitter after dissolving entire board

Elon Musk has made himself the sole director of social media giant Twitter after dissolving the entire company board.

Many of Twitter's executives had been reported to be up for the chop as soon as Musk took over, with their time at the company coming to an end once all of the 'i's had been dotted and the 't's crossed.

Before you feel too sorry for them, they're in line for an absolutely honking massive payout, with several of them receiving tens of millions of dollars as part of their severance from the social media giant, which is surely enough to build a gold statue of yourself big enough to live in.

Now, with The Independent reporting on a new filing which shows that all nine of Twitter's board members have gone, Musk is left as the sole man at the top.

The filing, made public today (31 October), indicates that all of Twitter's board have been shown the door as part of Musk's company takeover.

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This is only one of the many changes Musk seems set to introduce as he starts work as Twitter's new supreme boss since buying it for $44 billion.

Some reports are claiming that the Tesla CEO is planning on firing almost three quarters of Twitter staff, slashing the 7,500 strong workforce down to about 2,000 people.

Even if it doesn't end up being such a harsh reduction the company is still planning on shifting about $800 million off the payroll, about a quarter of Twitter's workforce.

Something else mooted since Musk has taken over is a potential revamp of the verification system, with users potentially having to pay $20 a month to have their blue tick denoting them as really being who they say they are.

Musk has said the verification process was 'being revamped right now'.

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While he may now have sole control of Twitter, Musk might find being the company's only director to be a bit of a double edged sword.

For all intents and purposes he now is Twitter, so he will be tied directly into any criticism or dissatisfaction at the way the site is being managed.

There's definitely been some of that in the early days of his takeover, with a number of high profile figures on the social media site deciding to quit.

The use of racial slur the n-word on the site increased by almost 500 percent in the first 12 hours following Musk's takeover.

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