Elon Musk Gets Twitter: Elon Musk struck a bargain to get Twitter for $44 billion, ending its run as a public company given that 2013.
Twitter Inc CEO Parag Agrawal would certainly obtain an approximated $42 million if he were terminated within 12 months of an adjustment in control at the social media company, according to research firm Equilar.
On Monday billionaire Elon Musk struck an offer to get Twitter for $44 billion, finishing its run as a public business given that 2013.
Musk in a safety and securities declaring on April 14 had actually stated he did not believe in Twitter’s monitoring.
Equilar’s price quote includes a year’s well worth of Agrawal’s base pay plus accelerated vesting of all equity awards, an Equilar agent claimed, based upon Musk’s offering cost of $54.20 per share as well as terms in the business’s recent proxy statement.
A Twitter rep decreased to comment on Equilar’s price quote.
Agrawal, previously Twitter’s primary technology policeman, was named chief executive officer in November. His complete payment for 2021 was $30.4 million, according to Twitter’s proxy, mostly in stock awards.
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Resources: NDTV
Last Updated: 26 April 2022
