Report: Parag Agrawal to receive $42 million after Twitter leaves.
- Elon Musk sacked Twitter CEO Parag Agrawal on Friday after completing his $44 billion takeover. Reports say the top executive will leave with something. The deal vests 100% of Agrawal’s unvested equity awards.
- Reuters said that Equilar estimates he will earn $42 million. The estimate incorporates Parag’s base salary and accelerated equity vesting.
- According to Twitter’s proxy, Agrawal earned $30.4 million as CTO in 2021. Agrawal’s CEO pay was $1 million.
- Musk stated he “does not have faith in management” in a transaction filing.