Following Elon Musk’s acquisition of Twitter, the company’s CEO Parag Agrawal, head of legal, policy, and trust Vijaya Gadde, chief financial officer Ned Segal, and a few other top executives have been shown the door.
The future of Twitter under Elon Musk’s leadership is unknown, Parag reportedly informed staff members after the sale of the company. Nobody is certain of the direction the business will go at this time.
In November 2021, Parag assumed leadership of Twitter. In accordance with the research firm’s assessment, if Parag is let go from his position before a year has passed, the business will be required to pay him $42 million, or Rs 321 crore. Only 11 months have passed since Parag was appointed the company’s CEO. Following the resignation of Jack Dorsey in November, he was appointed CEO.
Who is Parag Agrawal?
Parag Agrawal, an India American software engineer born on May 21, 1984, led Twitter, Inc. as its chief executive officer (CEO) between late November 2021 and late October 2022. Agrawal was born in Ajmer, Rajasthan.
His mother is a retired Economics professor from Veermata Jijabai Technological Institute in Mumbai, and his father was a top officer in the Indian Department of Atomic Energy.
He graduated from Mumbai’s Atomic Energy Junior College in 2001, completing his secondary education. He won first place and the gold medal at the International Physics Olympiad that was held in Antalya, Turkey that same year.
Agrawal graduated from IIT Bombay with a BS in computer science and engineering in 2005. That same year, he uprooted and headed stateside to study computer science at Stanford University, advised by Jennifer Widom for his Ph.D. dissertation.
His 2012 Stanford Ph.D. thesis, “Incorporating Uncertainty in Data Management and Integration,” explores these issues.
Journey Prior To Become Twitter CEO
Prior to joining Twitter as a software engineer in 2011, Agrawal interned in the research departments of both Microsoft and Yahoo. Agrawal replaced Adam Messinger as Twitter’s CTO in an announcement made in October 2017.
Project Bluesky is Twitter’s initiative to create a decentralized social network protocol, and in December 2019 CEO Jack Dorsey announced that Agrawal would be leading the project.
Dorsey announced his resignation as Twitter CEO on November 29, 2021, and Agrawal was named to the position immediately thereafter.
Agrawal received $1 million in salary per year as CEO, in addition to $12.5 million in stock awards, bonuses, and other forms of compensation.
After Elon Musk finalized his purchase of the company on October 27, 2022, Agrawal was removed from his position as CEO.
Parag Agrawal’s Net Worth
According to projections, Parag Agrawal will have amassed $50 million in wealth by 2022. On November 29, 2021, Twitter designated Parag Agrawal, a software engineer, as its new chief executive officer. He was paid $5 million a year in base salary and bonuses, plus another $12.5 million in restricted stock units and performance-based stock units.
Earnings from his positions at Twitter and other well-known companies, such as Yahoo and Microsoft, have been the bulk of his career. To top it all off, he has experience working on company research teams. Before becoming CEO, he earned approximately $250,000 per year.
Agrawal, Gadd, and Segal will receive a payout from Musk after he bought their Twitter shares when they were fired. According to CNN’s reporting, Agrawal’s 155,000 shares were worth $8.4 million because Musk paid $54.20 per share for them.
All three executives, however, will be entitled to “Golden Parachute Compensation.” The merger agreement specified that Agrawal would receive a base salary of $1 million for one year.
When considering the financial impact of Agrawal’s dismissal, it’s important to note that he will receive the accelerated vesting of all his shares, which will be worth $56.4 million in the end.
Parag Agrawal Wife and Kids
Vineeta Agrawal, the general partner at the venture capital company Andreessen Horowitz, is Parag Agrawal’s Wife. They have two kids, who were born in 2018 and 2022, respectively. He used his paternity leave as CEO of Twitter to attend the birth of his second child.
Parag Agrawal Is an Indian- American with a net worth of approx $50 Million. He was appointed CEO of Twitter in 2021. As Elon Musk Take Over Twitter He terminated Parag and three other officials. In accordance with the research firm’s assessment, if Parag is let go from his position before a year has passed, the business will be required to pay him $42 million, or Rs 321 crore. Only 11 months have passed since Parag was appointed the company’s CEO. Following the resignation of Jack Dorsey in November, he was appointed CEO.
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