Sunday, May 29, 2022
728x90-1

Parag Agrawal could receive a huge $42 million payout if Musk terminates him

- Advertisement -

As we know Elon Musk has formally bought Twitter and if it will not be blocked by any regulatory bodies, the world’s richest man will own a social media platform as big as Twitter. Already he previously expected his desire to get Twitter but he would actually do it no one expected it.

Once the transaction is completed Twitter will be become a privately held company rather being public as it used to be. Already Elon expressed his desire to change thing at Twitter and make it a better social media platform by bringing important updates, so it could even stir the people who actually operate the company from inside out.

This includes the fact that the recently voted Indian CEO Parag Agrawal could be dethroned from his position as Twitter’s CEO. And if it happens, latest reports say that he will receive a massive $42 million payout as according to his clause he would be terminated within 12 months of a change in control at the social media company.

728x90-1

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr. Musk. “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.”

- Advertisement -

Source

- Advertisement -
spot_img
Raunak Saha
Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

More To Consider

Stay Connected

13,642FansLike
62FollowersFollow
155FollowersFollow
Boat Lifestyle [CPS] IN

Hot Topics

spot_img

Latest Articles

Trending

Featured

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add technosports.co.in to your ad blocking whitelist or disable your adblocking software.

×