Elon Musk Now Owns Twitter, Fires CEO Parag Agrawal And Others
In his first move as Twitter’s owner, Elon Musk has ousted its CEO Parag Agrawal.
After months of back and forth, Musk has closed the $44 billion deal to purchase Twitter.
Wasting no time, Musk fired Twitter CEO Parag Agrawal as well as chief financial offer Ned Segal, and general counsel Sean Edgett. Chief legal officer Vijaya Gadde, who reportedly played a key role in Trump’s Twitter ban, has also been fired.
Sources reported seeing at least one of the fired executives being escorted out of Twitter’s San Francisco headquarters.
Agrawal became Twitter’s first Indian-origin CEO following Jack Dorsey’s sudden resignation in November. Born in Rajasthan, India, Agrawal immigrated to the US to complete his PhD in computer science at Stanford University. After joining Twitter as a software engineer in 2011, Agrawal worked his way up to the position of Chief Technology Officer.
Agrawal’s promotion to CEO was generally well received, and he was largely seen as the ‘safe’ choice for investors. However, Musk disagreed, and the two would repeatedly butt heads over the management and direction of Twitter.
According to Bloomberg, after failing to reconcile Musk and Agrawal, Jack Dorsey eventually sent Musk a message saying, “At least it became clear that you can’t work together.”
It is thought Agrawal will make $42 million following his exit.