3 twitter executives leaving with $100 million..!?

Elon Musk bought 100 percent of the shares of twitter for about 44 billion dollars, and before thinking about what will happen next, Musk fired 5 top executives. Within 24 hours, Elon Musk took over twitter and took control of the management, and within 24 hours, twitter was testing a new service called Tweet Tiles. twitter also announced that the top 3 executives fired from the company walked away with $100 million. tesla and SpaceX CEO Elon Musk has taken over 100 percent of twitter for about $46.5 billion after a major struggle. At this stage, twitter fired 5 top executives before taking office as CEO: twitter CEO Parag Aggarwal, Chief Financial Officer Ned Sega, Head of Legal Policy, Trust and Security Vijaya Gade, General Counsel Sean Edgett, and Chief customer Officer Sarah Personette. have been dismissed.Twitter's CXO executives are paid more in shares than in cash. In case of sudden dismissal or dismissal due to management change, severance pay, unshared shares, bonuses, etc. should be given. In this situation, if the officers in the CXO section voluntarily resign from the position, they will not get any severance pay, unshared shares, or bonus. This is why they have been waiting for the last 10 months now that Elon Musk has decided to take over twitter and manually dismiss him.At the same time, since Elon Musk wants to acquire 100 percent shares in twitter, the money should be given in addition to the shares given to the executives in the CXO department. According to Bloomberg, only 3 out of 5 people who have been fired at twitter will leave with about $100 million. twitter CEO Parag Agarwal joined twitter in 2011 when it had just 1,000 employees. In november 2021, Parag Agarwal was announced as the CEO of Twitter. Elon Musk is said to be getting about $50 million, according to Bloomberg accounts from fired Parag Agarwal. Similarly, Chief Financial Officer Ned Segal will get $37 million, and Indian-American Vijay Gade, head of Twitter's legal and policy division, will get $17 million.

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3 twitter executives leaving twitter

Sowmiya Sriram

29/10/2022 09:17 PM