![]() Agrawal, an 11-year Twitter veteran who served as CEO for just under a year, stands to walk away with $57.36 million Segal is set to receive $44.47 million and Gadde will get $20.01 million, according to Twitter’s 2022 proxy statement. Under Twitter’s “golden parachute” compensation agreements, the senior execs who have been terminated were eligible to receive tens of millions of dollars given that the Musk takeover constitutes a change of control. ![]() Last week, Musk said he was “obviously overpaying” for the company but said he believed Twitter’s long-term potential value is “an order of magnitude” greater than it is today. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence,” Musk said in the letter. According to Musk, he has loftier altruistic aims than merely padding his already staggering fortune. Musk, whose current net worth stands at $221.5 billion, per Forbes, claimed he is not looking to “make more money” by buying Twitter. In a letter posted to Twitter Thursday morning, he sought to calm the fears of advertisers, promising that Twitter would not become “a free-for-all hellscape, where anything can be said with no consequences.” Musk has championed the need to ensure “free speech” on the platform - and he has accused Twitter of censoring conservative viewpoints and harboring a left-wing bias. And he has indicated that he wants Twitter to become a more-expansive communications and entertainment app than it is today. ![]() He’s indicated layoffs are in the cards but reportedly denied that he plans to slash 75% of the company’s headcount (which Musk was said to have previously communicated to prospective investors). ![]() 6 rioters seeking to overturn the results of the 2020 election, a “morally bad decision” that he would reverse.)Įxactly what Musk intends to do with Twitter remains murky. (Musk has called Twitter’s lifetime ban on Trump, enacted after the ex-president’s tweets supporting the Jan. For the time being, Musk is installing himself as CEO and he intends to overturn Twitter’s permanent bans - though it was unclear whether that would apply to Donald Trump, Bloomberg reported. ![]()
0 Comments
Leave a Reply. |