Twitter CEO Parag Agrawal may get $42 million if Elon Musk sacks him

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Twitter Inc CEO Parag Agrawal would get an estimated $42 million if Billionaire Elon Musk sacks him within 12 months of a change in control, according to research firm Equilar.</p>
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Billionaire Elon Musk, who struck a deal to buy Twitter for $44 billion on Monday had said in a securities filing on April 14 that he did not have confidence in Twitter's management team. This opens up the distinct possibility of the CEO being ousted.</p>
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Twitter will no longer be a publicly traded company and will be run as a privately owned firm by Musk.</p>
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Equilar's estimate includes a year's worth of Agrawal's base salary plus accelerated vesting of all equity awards, an Equilar spokesperson said, based on Musk's offering price of $54.20 per share and terms in the company's recent proxy statement.</p>
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Agrawal was Twitter's chief technology officer before he was appointed CEO in November. His total compensation for 2021 was $30.4 million, according to Twitter's proxy, largely in stock awards.</p>
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A Twitter representative declined to comment on Equilar's estimate.</p>
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According to a Reuters report, the Twitter CEO told employees on Monday that the future of the social media company is uncertain after the deal with Elon Musk closes. He was speaking to a town hall meeting.</p>
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"Once the deal closes, we don't know which direction the platform will go," Reuters cited Agrawal as saying.</p>
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Musk will join Twitter staff for a question-and-answer session at a later date, the company told employees.</p>