Elon Musk had said in a securities filing on April 14 that he did not believe in Twitter’s monitoring.
Billionaire Elon Musk, who is currently the brand-new owner of Twitter, has actually discharged the top leadership as component of his initial steps. The separations include CEO Parag Agrawal, that was assigned to the article by the firm’s co-founder Jack Dorsey in November in 2014. Aside from the Indian-origin CEO, Mr Musk discharged Vijaya Gadde, the head of legal, policy as well as trust at Twitter as well as two even more magnates. The New York Times stated in a report that Musk closed the $44-billion bargain to buy Twitter on Thursday.
When Mr Musk made his desire to purchase Twitter public in April this year, there were immediate buzz that Mr Agrawal will be fired. And also research study company Equilar had actually calculated just how much he will get if that happens.
The company had actually said that Mr Agrawal would certainly get an estimated $42 million (Rs 3,457,145,328) if he is terminated within 12 months of a modification in control at the social media sites business.
Equilar’s quote included a year’s worth of Mr Agrawal’s base pay plus accelerated vesting of all equity honors, as reported by news firm Reuters. The estimate was based on Mr Musk’s offering cost of $54.20 per share.
Mr Musk had actually claimed in a safeties declaring on April 14 that he did not have confidence in Twitter’s management.
Mr Agrawal, previously Twitter’s chief technology policeman (CTO), was called CEO in November in 2014. His overall settlement for 2021 was $30.4 million, mainly in supply awards, according to Reuters report.
An IIT Bombay and also Stanford graduate, Mr Agrawal had joined Twitter over a decade back when there were fewer than 1,000 employees at the business.
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Last Updated: 28 October 2022