Elon Musks Twitter takeover: How much Parag Agrawal, Ned Segal and Vijaya Gadde stand to make?

The richest person on earth, Elon Musk completed his mammoth $44 billion takeover of social media giant Twitter late Thursday, October 27. Musk’s acquisition of Twitter was followed by the sacking of several top company executives, including CEO Parag Agrawal, CFO Ned Segal and head of legal affairs and policy Vijaya Gadde.

While a massive overhaul of Twitter’s workforce is expected, Elon Musk will also reportedly keep the roles of CEO and CFO in his own hands. However, the ousted officials will be handed payouts of a massive $200 million altogether. Let’s find out how much the outgoing CEO, Parag Agrawal, stands to make from his exit.

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As per reports, the outgoing CEO will have the biggest piece of the pie, with a massive handout of $56.4 million. The reason why the 38-year-old stands to earn such an amount is because of all of his 155,000 shares of the company, which were brought by Musk for $54.20 each. 

While Agrawal will be paid the largest amount of money, Ned Segal, the Chief Financial Officer of Twitter, who was also sacked, will be receiving a handout of $43.8 million. Meanwhile, Vijaya Gadde will be paid $19.4 million by the company. Another company executive, Sarah Personette, who was the Chief Customer Officer, stands to make $11.2 million for the sacking.

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It was earlier reported that Elon Musk will be laying off about 75% of the total workforce of the company, during his visit to the headquarters on Thursday, he assured employees that he will not be doing that. 75% of all Twitter staff around the world amounts to around 5,600 employees, however, Elon Musk has reportedly given assurances against undertaking such a decision.

Meanwhile, the news of Musk firing 75% of the global workforce Twitter was met with stark criticism by the employees, who also went on to send an open letter to the company’s board as well as the new boss.