Parag Agrawal Earning From Twitter: Industrialist Elon Musk has become the new owner of Twitter. He removed four top executives, including Indian-origin CEO (Chief Executive) Parag Agarwal and legal affairs executive Vijay Gadde, as soon as he took over the reins of social media company Twitter. According to media reports, Parag Agarwal will not leave Twitter empty handed. A good special amount is going to come in their hands. As a part of the deal, Parag will invest 100% of his uninvested equity awards.
Musk will have to pay $ 42 million
According to research firm Equilar, this means he will earn an estimated $42 million (over Rs 345 crore). According to Twitter’s proxy, Parag Agarwal’s total compensation was $30.4 million in 2021, when he was chief technology officer. Agarwal’s salary as CEO was reported to be $1 million (Rs 9.24 million) annually.
Parag Agarwal became CEO in November last year
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Parag was appointed as the CEO of Twitter in November last year following the resignation of the company’s co-founder Jack Dorsey. Aggarwal, who studied at the Indian Institute of Technology (IIT), Bombay and Stanford University, started his job at Twitter more than a decade ago. At that time the company used to have less than 1,000 employees.
There was an altercation between Parag and Musk
According to the news of ‘New York Times’, “Agarwal, who was appointed CEO of Twitter last year, had an altercation with Musk, both publicly and privately. Gadde’s role in the case was also publicly criticized.
‘I don’t trust management’
According to media reports, there was no good relationship between Parag Aggarwal and Musk. Elon Musk has accused top Twitter executives of misleading him and Twitter investors about the number of fake accounts on the social media platform. Musk said on Thursday that he was buying Twitter “to try to help more of humanity, which I love.” “I don’t trust management,” Musk said in an initial filing about the deal.
Also read- Elon Musk’s tweet after sacking Twitter CEO Parag Aggarwal – ‘Freedom is a bird’
