• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
  • News

    News

    See All

    TikToker Shocked by High Verizon Bill Over ‘Free’ Apple Watch Promo

    Warren Buffett lends his expertise to the Biden administration during the banking crisis

    Warren Buffett’s Winning Formula: Berkshire Hathaway’s Top Sectors and Stocks

    Fanfix: The Gen Z-Focused Only Fans without any nudity

  • Crypto

    Crypto

    See All
    Trezor wallet sales soar by 1000% after Ledger's recent debacle

    Trezor wallet sales soar by 1000% after Ledger’s recent debacle

    Temasek cuts compensation

    Temasek cuts compensation for executives after FTX Investment

    NFT

    Blur dominates NFT Lending Market, Capturing 82% of Loan settlements

  • Gadgets

    Gadgets

    See All
    Score Big with Apple Memorial Day Sale: Best Savings

    Score Big with Apple Memorial Day Sale: Best Savings

    Mivi Fort S60 Soundbar - Elevate Your Audio Experience | Review

    Mivi Fort S60 Soundbar – Elevate Your Audio Experience | Review

    Sony's Exciting Return to Handheld Gaming - Project Q Takes the Stage

    Sony’s Exciting Return to Handheld Gaming – Project Q Takes the Stage

  • Memes

    Memes

    See All

    ChatGPT Creator OpenAI in Talks for $29 Billion Value: WSJ

    Shitcoin called "BONK" takes to the moon

    Shitcoin called “BONK” jumps 900% in a week: Dump Alert!

    title Samsung is trolling Apple for not having a flip phone

    Samsung is trolling Apple for not having a flip phone

  • Gaming

    Gaming

    See All

    How to get into gerudo town totk

    How To Get Tingle’s Armour in The Legend of Zelda: Tears of The Kingdom

    How To Beat Flux Construct 3 in The Legend of Zelda: Tears of The Kingdom

  • Cars

    Cars

    See All
    Photo by Maksym Yadvinskyy on Unsplash

    The Mercedes-Benz CLS Will Live Forever

    General Motors confirms All-Electric Cadillac Escalade IQ

    Reliance and Hero to buy stakes in MG Motors

  • AI

    AI

    See All
    Rishi Sunak from Wikipedia

    Prime Minister Rishi Sunak to tighten AI rules Amid Rising Concerns of ‘Existential Threats’

    Openai

    OpenAI Takes the Lead in AI Governance with $100,000 Grants for Innovative Ideas

    OpenAI’s ChatGPT App now available for iOS users in India

  • Startups

    Startups

    See All
    The Year of Tech Layoffs: A Comprehensive List for 2023

    Airmeet Layoffs: Bengaluru-Based Virtual Events Platform Lays Off Around 75 Employees or 30% of Workforce

    Florida Governor Ron DeSantis Announces 2024 Presidential Run in Historic Twitter Spaces Event with Elon Musk

    Elizabeth Holmes and Ramesh ‘Sunny’ Balwani Ordered to Pay $452 Million in Theranos Fraud Case

  • Markets

    Markets

    See All

    TikToker Shocked by High Verizon Bill Over ‘Free’ Apple Watch Promo

    Warren Buffett lends his expertise to the Biden administration during the banking crisis

    Warren Buffett’s Winning Formula: Berkshire Hathaway’s Top Sectors and Stocks

    Fanfix: The Gen Z-Focused Only Fans without any nudity

  • How to

    How to

    See All

    How to get into gerudo town totk

    How to download ChatGPT app in India on IOS

    How to save yourself from credit card fraud

Twitter
Home
News

Following his exit from Twitter, Parag Agrawal is expected to collect $42 million

Sneha Singh·October 28, 2022
News

After closing his $44 billion purchase to acquire Twitter, billionaire Elon Musk terminated Twitter CEO Parag Agrawal on Friday.

But according to reports, the senior executive won’t be going home empty-handed. According to the reports, Agrawal will fully vest all of his unvested equity awards as part of the agreement.

This implies that he will earn an estimated $42 million, according to research firm Equilar, reported by Reuters.

The estimate includes valuation adjustments of all stock awards and a year’s worth of base pay for Parag. According to Twitter’s proxy, when Agrawal was the chief technology officer, his total salary was $30.4 million. In addition, Agrawal was reportedly paid $1 million a year as the CEO.

Parag Agrawal started as the CEO of Twitter in November 2021

After co-founder Jack Dorsey abruptly left his position in November of last year, Parag Agrawal acquired the company’s leadership. However, the entrance of Musk as a significant stakeholder and an increasingly vocal critic of the company’s existing leadership quickly ended Agrawal’s tenure as CEO. 

Elon Musk and Parag Agrawal had not been on good terms, and indeed none of it was hidden from the public eye. Parag Agrawal was unlikely to continue with his job after Musk’s involvement.

Twitter

Musk stated that he “does not have confidence in management” in one of his filings regarding the agreement.

Elon Musk acquired control of Twitter on Friday after an expensive court dispute with the social media site. Musk had canceled the acquisition agreement in July, alleging Twitter had misled him about the total number of bot accounts on its network.

On October 17, Musk and Twitter were scheduled to square off in Delaware’s Court of Chancery; Twitter planned to ask the judge to order Musk to finalize the $44 billion deal. But earlier this month, Musk suggested moving forward with his first $44 billion offer and asking for Twitter’s lawsuit to be dropped.

  • Facebook
  • Twitter
  • WhatsApp

Comments

comments

Elon MuskExit from twitterParag AgrawalSocial Mediatwitter

Previous ArticleStay at home girlfriend shares her day-in life and its kinda depressing
Next ArticleWho is behind Elon Musk’s $44 biilion acquisition of Twitter?
Sneha Singh

Sneha is a skilled writer with a passion for uncovering the latest stories and breaking news. She has written for a variety of publications, covering topics ranging from politics and business to entertainment and sports.

Related Posts

TikToker Shocked by High Verizon Bill Over ‘Free’ Apple Watch Promo

BusinessMarketsNewsTechTrending
Warren Buffett lends his expertise to the Biden administration during the banking crisis

Warren Buffett’s Winning Formula: Berkshire Hathaway’s Top Sectors and Stocks

BusinessMarketsNewsTechWorld

Fanfix: The Gen Z-Focused Only Fans without any nudity

BusinessMarketsNewsTechTrending

Jack Dorsey Appreciates Elon Musk’s “From Earth” Feature on Twitter

BusinessMarketsNewsTechTrending

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

</div>
online casino

Popular Posts

Bugatti Is the Latest Luxury Automaker to Embrace Residential Living

US jury says Google owes Sonos $32.5 million in smart-speaker patent case

Elon Musk Bats for Layoffs in Silicon Valley: Outgoing Twitter CEO Asks Tech Companies To Lay Off Employees Like He Did

Elon Musks AI Wife and Human Connections During AI Age

China

China-backed hacker targeted critical infrastructure in Guam, U.S., says Microsoft

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, ‘I read books.’

Latest News

TikToker Shocked by High Verizon Bill Over ‘Free’ Apple Watch Promo

Warren Buffett lends his expertise to the Biden administration during the banking crisis

Warren Buffett’s Winning Formula: Berkshire Hathaway’s Top Sectors and Stocks

Fanfix: The Gen Z-Focused Only Fans without any nudity

Jack Dorsey Appreciates Elon Musk’s “From Earth” Feature on Twitter

Jensen Huang: Unleashing the Power of AI for Global Prosperity

About us

Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys.

We believe in hailing the CHANGEMAKERS who disrupt industries and take us forward.
Security Disclaimer

Connect

Email us at : info@techstory.in
© 2023 Techstory Media Pvt Ltd Contact : info@techstory.in
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
Type to search or hit ESC to close
See all results