Elon Musk, chief executive of Tesla, a US electric car maker and technology company, has bought social media giant Twitter for a record 44 billion. Twitter’s board of directors has also accepted Elon Musk’s acquisition proposal.
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The situation raises questions about the job of Parag Agarwal, the current chief executive officer (CEO) of Twitter under newly acquired Elon Musk. How much money can the global social media giant get if the CEO of this company is removed from his position; Discussions have also started on that.
According to a report in Reuters on Tuesday (April 26th), there is speculation that Parag Agarwal may have to step down as CEO following the change of ownership of the microblogging site. And if that happens, this officer will get huge amount of money as per the agreement.
Reuters also cited a report by Equilibrium, a research firm. According to the research firm, Parag Agarwal will receive চুক্ত 42 million under the contract if he is removed from the post of CEO or CEO of Twitter. In Bangladeshi currency the amount is about 361 crore 95 lakh 60 thousand rupees.
Pollen will get this money if he is removed from the post of CEO within 12 months. According to Equilibrium, he will receive the money, along with a year’s salary of pollen and other ancillary benefits. There was no immediate comment from Twitter.
In a separate report, Reuters reported that Twitter CEO (CEO) Parag Agarwal described the future of the world’s largest social media platform under Elon Musk as “dark”. He made the remarks to the company’s staff on Monday (April 25).
Twitter chief executive Parag Agarwal told staff on Monday that the future of the social media giant under billionaire Elon Musk was uncertain, the news agency reported. At the same time, he expressed concern that the future of Twitter would be affected. Reuters heard Pollen’s remarks at a town hall meeting addressed to staff.
Twitter CEO (CEO) Parag Agarwal said, “Once Twitter is handed over, we don’t know where the platform will go or how it will work.”
In November 2021, Parag Agarwal, of Indian descent, took over as the Chief Executive Officer (CEO) of the microblogging site Twitter. Prior to that, he was the Chief Technology Officer (CTO) of Twitter.
The Stanford University PhD graduate started working on Twitter in 2011. From then on, the emergence of pollen is noticeable. Within a few years of becoming CTO in 2016, Parag took charge of the top position of the organization. However, it remains to be seen whether he will be able to stay in the social media giant after the change of ownership.