Twitter CEO Agrawal will receive $42 million if he is fired

Twitter Inc. CEO Parag Agrawal would fetch an estimated $42 million if he were fired within 12 months of a change of control at the social media company, according to research firm Equilar.

On Monday, billionaire Elon Musk reached a deal to buy Twitter for $44 billion, ending its run as a public company since 2013.

Musk in a securities presentation on April 14 had said that he did not trust Twitter’s management.

Equilar’s estimate includes one year’s worth of Agrawal’s base salary plus accelerated vesting of all stock awards, an Equilar spokesman said, based on Musk’s offer price of $54.20 per share and terms in the recent announcement. company proxy statement.

A Twitter representative declined to comment on Equilar’s estimate.

Agrawal, formerly Twitter’s chief technology officer, was named chief executive in November. His total compensation for 2021 was $30.4 million, according to Twitter’s proxy, much of it in stock awards.

With NDTV inputs

Leave a Comment