California: World’s No. 1 richest man Elon Musk has bought Twitter. He also fired the CEO Barak Agarwal on the first day of his acquisition of the company. Even if he loses his post, he will still receive financial benefits as per Twitter company policy. Let’s see about it.
At the end of last April, Musk bought the social networking company Twitter. However, the deal was a drag on both sides. The panchayat had gone to court in this regard. In a way, Twitter is now in Musk’s hands.
It seems that Musk has taken over the important responsibilities as the owner of the company. It also includes Chief Executive Officer Barak Agarwal. Even if Barack loses his position because of Musk’s move, it seems likely that he will have a large financial base. It will be paid severance pay as per Twitter company policy.
Barak Agarwal was appointed as Twitter CEO in November 2021. He was removed from the post within a year. So it looks like he will get about 42 million USD as severance pay. He also owns around 1.28 lakh Twitter shares. It is estimated to be worth around 7 million US dollars. | Read > Elon Musk became the owner of Twitter: CEO Barak Aggarwal fired