How much compensation will Twitter CEO Parag Agarwal get?
Elon Musk, a world-renowned technology entrepreneur and the world's richest man, has bought ownership of Twitter for 4.4 billion. Twitter's chief executive officer Parag Agarwal, who is of Indian descent, has warned that the future of Twitter is bleak if Elon Musk owns it. As a result, the question now is, if Musk officially takes control of Twitter, Agarwal could lose his job less than a year later.
Musk said on April 14 while submitting documents to the capital market regulator to buy ownership of Twitter, He has no confidence in Twitter managers.
An agreement was reached between Twitter authorities and Elon Musk to change ownership of Twitter. With this, Twitter, which has been a public company since 2013, will now go privately owned. The news agency Reuters reported, According to the agreement, Elon Musk will have to pay 42 million if he fires Agarwal, the head of Twitter, after he became the owner.
California-based research institute, A spokesman for Equilar said they had calculated the value of the shares of the company he would own as a gift, along with Agarwal's basic salary for one year. The calculation is based on the latest proxy statement of 54.20 per share of Mask to buy Twitter. How much money will be paid to Parag Agarwal if he is released from duty, A Twitter official declined to comment.
Parag Agarwal took over as CEO of Twitter in November last year. He has previously served as the company's Chief Technology Officer (CTO). He received 34 million in compensation when he resigned as CEO from the CTO.
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