After the takeover of Twitter by the world’s richest person and CEO of Tesla Elon Musk major changes in the administration of twitter have been made. On the first day, Elon Musk fired Twitter CEO Parag Agrawal and other top executives. However, as per reports, the top executive will not be leaving empty-handed.
According to a Bloomberg report, As a part of the deal, Parag Agrawal will vest 100 percent of his unvested equity awards.
According to research firm Equilar, this means that he will make an estimated $42 million PKR 8,667,145,328). The estimate includes a year’s worth of Parag’s base salary plus accelerated vesting of all equity awards, as reported by the news agency Reuters.
Agrawal, previously Twitter’s chief technology officer (CTO), was named CEO in November last year. His total compensation for 2021 was $30.4 million, largely in stock awards.
Read More : Twitter CEO Parag Agrawal Fires as Elon Musk officially take over in 44 Billion Dollar deal
