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Shortly after Elon Musk, the world’s richest man, bought Twitter for $44 billion, many executives were laid off, including CEO Parag Agrawal.
Elon Musk Twitter handle
Three Twitter executives who were said to have been laid off after the Elon Musk acquisition were ready to collect more than $100 million in severance payments, as well as previously granted stock-based compensation payments, the report notes. did.
Bloomberg says Parag Agrawal, who has been CEO for less than a year, is eligible for about $50 million. Chief Financial Officer Ned Segal and Head of Legal, Policy and Fiduciary Vijaya Gadde expect about $37 million and his $17 million, respectively.
Bloomberg’s report further said that, like many top leaders at large public companies, Agrawal and his lieutenants would be forced to sever severance payments equivalent to a year’s salary if Twitter were acquired and they lost their jobs in the process. It added that it is entitled to a cash-out of cash and unvested stock awards, subject to the terms of the company’s retirement policy.
Shortly after the acquisition, Musk released a flurry of tweets. He said, “Comedy is now legal on Twitter,” and “Let’s have a good time.”
Twitter also forms a Content Moderation Council. Musk tweeted:
Elon Musk always surprises everyone, but his entry at Twitter HQ was different. Musk walked into his Twitter headquarters with a sink in his hand ahead of his takeover deal. He posted the captioned video on Twitter.
Enter Twitter HQ. pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Elon Musk announced his intention to acquire Twitter in April of this year, but pulled out months later, citing several issues. In May, he said the deal was “temporarily put on hold” because he was concerned about fake accounts on the platform.Finally, on Oct. 28, he said Musk had taken control of his Twitter account. Did.