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How much money will Parag Agrawal get if terminated after Elon Musk’s Twitter takeover?

Tuesday, April 26, 2022 • Tamil Comments
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Parag Agrawal, the Indian-origin Chief Executive Officer (CEO) of Twitter, reportedly informed his employees at a town hall meeting that the future of the social networking platform is uncertain after Tesla and SpaceX CEO Elon Musk took over the company.

As per research firm Equilar’s report, Parag Agrawal would get an estimated $42 million if he were to be terminated within 12 months of a change in control at the company. “It's important to acknowledge that all of you have many different feelings about what is happening,” Agrawal was quoted as saying by The New York Times during the staff meeting on Monday afternoon. Claiming that he estimated the deal might take three to six months to complete, Parag Agrawal added, “In this moment, we operate Twitter as we always have. How we run the company, the decisions we make, and the positive changes we drive that will be on us, and under our control.”

Elon Musk, who recently acquired Twitter for $44 billion with shares valued at $54.20, mentioned earlier today, “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential I look forward to working with the company and the community of users to unlock it.”

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