Elon Musk has formally taken over
Twitter, and immediately fired several top executives according to a report.
Among those he sacked were CEO Parag Agrawal; the chief financial officer, Ned Segal, and the top lawyer for the firm, Vijaya Gadde, according to
The Washington Post.
Sean Edgett, the company's general counsel, was also pushed out.
The Twitter executives were hastily shuttled from the building, sources told The Washington Post.
Musk in a securities filing on April 14 had said he
did not have confidence in Twitter's management.
Agrawal, who sparred repeatedly with Musk over the number of users Twitter has, will walk away with $42 million, according to research firm Equilar, which analyzed the finances of the deal
earlier this year.
His total compensation for 2021 was $30.4 million - largely in stock awards.
Gadde, who earned $17 million in 2021, was reportedly in tears in April when Musk's $44 billion takeover was first reported.
Musk has publicly criticized Twitter's existing leadership team - in particular, attacking their policies on content moderation and censorship. He has also sparred with them over data on how many accounts were bots or spam.
Elon Musk has formally taken over Twitter, and immediately fired several top executives. They included the CEO, CFO, head of legal policy, and general counsel, according to reports.
www.dailymail.co.uk
Comment:
This is great.
Twitter is a shady operation that plays far left political games.
Maybe Musk can clean it up.
But I expect the fired Twitter executives to try to sabotage the company for revenge.