Elon Musk fires Parag Agrawal: Here’s how much severance ‘ex-Twitter chief’ will get – Times of India
As per multiple reports, Agrawal will get all of his 100% unvested equity awards. As per research conducted by Equilar, a data-driven solution provider for businesses, these awards will amount to roughly $42 million. The severance will be given if the company fires him within 12 months of taking the top role. Agrawal was appointed as the Twitter CEO in November 2021.
Apart from spending $44 billion in acquiring the microblogging website, Elon took a further hit. The new Twitter boss has lost nearly $33 billion in valuation.
Today Parag gained $42m, and Elon lost $33b. Let that sink in.
— Scott Galloway (@profgalloway) 1666920724000
Musk, who also ‘owns’ a few more companies, walked into Twitter’s headquarters earlier this week with a big grin and carrying a porcelain sink. He tweeted “let that sink in” and changed his description in his Twitter profile to “Chief Twit”, suggesting that he is ready to acquire the company.
Just a few hours after this drama, Musk addressed advertisers in a letter assuring them the platform will “not become a free-for-all hellscape, where anything can be said with no consequences!”
Musk refuted the idea of buying Twitter “to make more money” and said, “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide Age of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society.”
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.