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Twitter CEO established to get $forty two million if terminated following Musk offer: Report | World News


 Twitter Inc CEO Parag Agrawal would get an approximated $forty two million if he had been terminated within just twelve months of a modify in management at the social media firm, in accordance to exploration agency Equilar.

On Monday billionaire Elon Musk struck a offer to get Twitter for $forty four billion, ending its operate as a community firm considering that 2013.

Musk in a securities submitting on April fourteen experienced stated he did not have self-confidence in Twitter’s administration.

Equilar’s estimate consists of a year’s value of Agrawal’s foundation income in addition accelerated vesting of all fairness awards, an Equilar spokesperson stated, primarily based on Musk’s providing price tag of $fifty four.twenty for every share and phrases in the firm’s latest proxy assertion.

A Twitter agent declined to remark on Equilar’s estimate.

Agrawal, beforehand Twitter’s main engineering officer, was named CEO in November. His complete payment for 2021 was $thirty.4 million, in accordance to Twitter’s proxy, mainly in inventory awards.


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