Twitter CEO Among Top Executives Departing as Musk Takes Over

Credit : Google Image

Credit : Google Image

According to persons familiar with the situation, Twitter Inc. Chief Executive Officer Parag Agrawal is among the executives set to leave as Elon Musk completes his $44 billion 

Credit : Google Image

takeover of the social network. According to people familiar with the matter, who declined to be named because the information isn't public, also leaving are Vijaya Gadde, the head of legal, 

Credit : Google Image

policy, and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012. Twitter did not immediately

Credit : Google Image

react to a comment request. When co-founder Jack Dorsey abruptly quit in November, Agrawal took over as CEO. Agrawal had been with Twitter for than a decade, most recently 

Credit : Google Image

as chief technical officer, but his tenure as CEO was soon derailed by Musk's entry as a large stakeholder and increasingly vocal critic of the company's present leadership.

Credit : Google Image

After Musk showed up, it became clear that Agrawal was unlikely to keep his job. “I don’t have confidence in management,” Musk said in one early filing about the deal,

Credit : Google Image

and the two executives exchanged some public swipes. In May, Musk replied to a Twitter thread from Agrawal defending the company’s user metrics by tweeting back a poop emoji.

Credit : Google Image

According to text conversations revealed during the case, the two men had a tense argument early in the transaction process when Musk questioned his followers if Twitter was "dying."

Credit : Google Image

Former Twitter CEO Jack Dorsey's efforts to reconcile Musk, a longtime Dorsey friend, and Agrawal after the purchase was announced also failed. 

Credit : Google Image

"At least it became evident that you can't work together," Dorsey texted Musk during a conference call. "That was helpful." Agrawal will not leave empty-handed. According to a document, 

Credit : Google Image

the CEO will get 100% of his unvested stock awards as part of the arrangement. According to Reuters, research company Equilar estimates that he will earn $42 million.

Please Share This Stories