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If Twitter CEO Parag Agrawal is fired after Elon Musk’s deal, he will be paid $42 million.
According to research firm Equilar, if Twitter Inc CEO Parag Agrawal was fired within 12 months of a change in leadership at the social media business, he would get an estimated $42 million.
Elon Musk, the billionaire, agreed to buy Twitter for $44 billion on Monday, ending the business’s stint as a public company, which began in 2013.
Musk expressed his dissatisfaction with Twitter’s management in a securities filing on April 14.
Based on Musk’s offering price of $54.20 per share and terms in the company’s latest proxy statement, Equilar’s estimate includes a year’s worth of Agrawal’s base salary plus accelerated vesting of all equity awards, according to an Equilar spokesman.
Equilar’s estimate was met with silence from a Twitter spokesperson.
In November, Agrawal, who had previously served as Twitter’s chief technical officer, was named CEO. According to Twitter’s proxy, his total compensation for 2021 was $30.4 million, primarily in stock awards.
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