Even after getting Fired, they will get 318 Crores as compensation
Following the big $44 billion acquisition agreement, Elon Musk reportedly fired the top twitter executives. Top twitter executives on Elon Musk's list of those let go include the company's CEO Parag Agrawal, CFO Ned Segal, and head of legal and policy Vijaya Gadde, according to a Reuters story. Elon Musk's firing spree may seem like a drastic measure, but it's not all bad for the twitter CEO, as they stand to collect a combined $88 million, according to reports.
According to a report by Insider, Parag Agrawal, the former CEO of twitter, will be the sole recipient of the $38.7 million compensation. The executive of indian descent will receive a sizable sum in large part because "all of his shares vested upon his termination." According to the article, Ned Segal, Twitter's top finance officer, would receive $25.4 million, and Vijaya Gadde, the company's chief legal officer, will inherit $12.5 million after being fired. The chief customer officer, Sarah Personette, would receive $11.2 million.
Musk is anticipated to restructure twitter and drastically reduce the staff. However, Musk assured twitter staff members during his visit to the company's headquarters that when he takes over the microblogging platform, he will not fire 75% of the workers. According to prior reports, Musk will let go 5,600 employees, or 75%, of the twitter team worldwide. In his tweets, Musk has casually discussed firing twitter employees without providing a number.
According to a report by Insider, Parag Agrawal, the former CEO of twitter, will be the sole recipient of the $38.7 million compensation. The executive of indian descent will receive a sizable sum in large part because "all of his shares vested upon his termination." According to the article, Ned Segal, Twitter's top finance officer, would receive $25.4 million, and Vijaya Gadde, the company's chief legal officer, will inherit $12.5 million after being fired. The chief customer officer, Sarah Personette, would receive $11.2 million.
Musk is anticipated to restructure twitter and drastically reduce the staff. However, Musk assured twitter staff members during his visit to the company's headquarters that when he takes over the microblogging platform, he will not fire 75% of the workers. According to prior reports, Musk will let go 5,600 employees, or 75%, of the twitter team worldwide. In his tweets, Musk has casually discussed firing twitter employees without providing a number.