Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, Twitter's head of legal policy, received a "golden parachute"...
This story was updated with a more current tally of shares from Twitter’s most recent proxy statement.
Chief Executive Parag Agrawal, Chief Financial Officer... This story was updated with a more current tally of shares from Twitter’s most recent proxy statement. Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and Vijaya Gadde, Twitter’s head of legal policy, received a “golden parachute” clause in Twitter’s TWTR merger with Musk’s X Holdings. Musk reportedly fired all three Thursday evening upon officially taking control of the social network in a $44 billion acquisition, and will be obligated to give more than $204 million of it to those three, according to Twitter’s filing with the Securities and Exchange Commission.
They’re also entitled to a year’s salary and health benefits. In 2021, Agrawal had a base pay of $623,000, while Segal and Gadde’s base pay was $600,000 each.
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