Friday, October 28, 2022

The Twits will be different going forward...

 
Elon Musk has formally taken over Twitter, and immediately fired several top executives. They included CEO Parag Agrawal (top left); CFO Ned Segal (top right), head of legal policy Vijaya Gadde (bottom left), and Sean Edgett (bottom right), the company's general counsel. Musk in a securities filing on April 14 had said he did not have confidence in Twitter's management. Agrawal, who sparred repeatedly with Musk over the number of users Twitter has, will walk away with $42 million, according to research firm Equilar, which analyzed the finances of the deal earlier this year. His total compensation for 2021 was $30.4 million - largely in stock awards. Gadde, who earned $17 million in 2021, was reportedly in tears earlier this year when Musk's $44 billion takeover was first reported.

The full story can be found here:





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