Parag Agrawal to get $42mn if sacked, Twitter buyout casts doubts his future

Parag Agrawal to get mn if sacked, Twitter buyout casts doubts his future

San Francisco/New Delhi: Parag Agrawal, the Indian-origin CEO of Twitter, will get roughly $42 million if Tesla CEO Elon Musk decides to not retain him on the helm.

Agrawal took over from Jack Dorsey in November 2021. In accordance with analysis agency Equilar, he’ll get an estimated $42 million if terminated inside 12 months of being appointed because the CEO of the corporate.

Agrawal was beforehand Twitter’s chief expertise officer (CTO) and his whole compensation for 2021 was $30.four million, in keeping with experiences.

After Tesla CEO Elon Musk acquired Twitter for $44 billion, its Indian-origin CEO Parag Agrawal mentioned on Tuesday that the micro-blogging platform has a objective and relevance that impacts the complete world.

“Deeply happy with our groups and impressed by the work that has by no means been extra essential. I do know this can be a important change and also you’re possible processing what this implies for you and Twitter’s future,” Agrawal tweeted.

The choice to promote the platform to the Tesla CEO additionally indicators that the board is by some means not reportedly satisfied in Agrawal’s capabilitie, as the corporate isn’t making sufficient earnings.

Agrawal had earlier mentioned the Tesla CEO had determined “to not be part of our board which I imagine is for the perfect.”

He was set to handle Twitter staff in a city corridor on what this takeover means to them and allay their fears.

The Twitter buyout casts doubts on the way forward for Agrawal, and it’s nonetheless unclear whether or not he want to stay on the helm, with Musk now being on the very high of the platform.

With IANS Inputs

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