Elon Musk fired high executives after shopping for Twitter for $44 billion. It turned out why Musk made such an try as quickly as he purchased the corporate.
In accordance with Reuters, Musk accused high executives he fired of deceptive him and Twitter buyers in regards to the variety of pretend accounts on the platform.
Citing unidentified folks accustomed to the matter, The Data prompt that Elon Musk fired 4 high Twitter executives, together with Agrawal and Segal, to keep away from severance pay and stakes.
LightShed analyst Wealthy Greenfield stated Musk fired high Twitter executives and blocked the acquisition of stake, which was a part of the management change.
It’s identified that the dismissed Twitter executives ought to obtain these (severance pay) funds until there’s a motive for Elon Musk’s termination, in any other case the legislation might be damaged.
THEY WILL RECEIVE 122 MILLION DOLLARS OF COMPENSATION
Analysis agency Equilar introduced that three high executives fired by Twitter’s new proprietor, Elon Musk, would obtain a complete of $122 million in compensation.
Equilar, recognized for its analysis on govt compensation, introduced that Agrawal will obtain $57.4 million, Segal $44.5 million and Gadde $20 million.
Along with these funds, the three executives will collectively obtain an extra $65 million from Musk in trade for his or her stakes within the firm.
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