Elon Musk’s Twitter, if CEO Parag Agarwal leaves within 12 months, then the company will get so many billion rupees
Twitter Inc Chief Executive Officer Parag Agarwal
Twitter said it would become a privately owned company once the acquisition process is complete. Twitter CEO Parag Aggarwal tweeted, ‘Twitter has a purpose and relevance, which affects the entire world. Proud of our team and their work.
The day started with a big news that billionaire Elon Musk, one of the richest in the world (Billionaire Elon Musk) has signed an agreement to acquire Twitter for about $ 44 billion. In such a situation, now the question has started to arise that Twitter (Twitter) Chief Executive Parag Agarwal (CEO Parag Agrawal) from his post, then how much money will he get from the company. He will get more than Rs 3 billion 21 crore if he is removed from the post of CEO of Twitter.
research firm Equilar According to Twitter Inc. Chief Executive Officer Parag Agarwal, if there is a holiday within 12 months of the change of control at the top level of the social media company, then he will get about $ 42 million i.e. Rs 3,211,517,400. Billionaire Elon Musk on Monday signed a deal to buy Twitter for $44 billion, ending the independent nature of Twitter, which has been operating as a public company since 2013.
Parag became CEO in November last year
Elon Musk said in a securities filing on April 14 that he did not trust Twitter’s management. According to estimates by research firm Equilar, Parag Agarwal’s basic salary as well as quick vesting of all equity awards is included. An Equilar spokesperson said the offering price from Elon Musk is $54.20 per share and based on the terms in the company’s most recent proxy statement. A Twitter representative, however, declined to comment on Equilar’s estimate.
Indian-origin Parag Agarwal, formerly the chief technology officer of Twitter, was named the CEO in November. In the massive stock awards, his total compensation for 2021 stood at $30.4 million, according to Twitter’s proxy.
Twitter will now become a privately owned company
Earlier on April 14, Tesla Chief Executive Officer (CEO) Elon Musk had offered to buy Twitter. However, he did not specify how he would raise funds for the acquisition. Musk said he wanted to buy Twitter because he didn’t think it was living up to its potential as a platform for free expression.
Twitter said that it will become a privately owned company after the acquisition process is complete. Twitter CEO Parag Aggarwal tweeted, ‘Twitter has a purpose and relevance, which affects the entire world. Proud of our team and their work.