Parag Agrawal Expected to Receive $42 Million Following His Twitter Exit: Report

Billionaire Elon Musk, who is now the new owner of Twitter, in his first order of business has sacked chief executive Parag Agrawal

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as well as the company's chief financial officer and its head of safety.

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Apart from the Indian-origin CEO, Mr Musk fired Vijaya Gadde, the head of legal, policy and trust at Twitter

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Sources say that Twitter and Musk formally closed on the billionaire's offer to take the company private on Thursday

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By paying $54.20 per share, or approximately $44 billion. However, the top executive will not be leaving empty-handed.

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As a part of the deal, Agrawal will vest 100% of his unvested equity awards, reported Bloomberg.

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This means that he will make an estimated $42 million. The estimate includes a year’s worth of Parag’s base salary plus accelerated vesting of all equity award

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In 2023, Agrawal’s total compensation was $30.4 million, when he was the chief technology officer

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