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Parag Agrawal joined Twitter in 2011. (AFP File Photo)
Elon Musk fired Twitter CEO Parag Agrawal shortly after becoming the new boss of the social media company. The billionaire bought Twitter for $44 billion.
Here are 5 points on Parag Agrawal:
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Mr Agrawal was appointed as the first Indian-origin CEO of Twitter in November 2021. The IIT Bombay and Stanford alumnus joined the company in 2011 when there were fewer than 1,000 employees. He became the company’s chief technology officer (CTO) in 2017.
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The 38-year-old was one of the youngest to reach at the helm of a big technology company. He was also the youngest CEO of an S&P 500 company.
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Elon Musk made his intention to buy Twitter public in April this year, but months later backed out over the issue of fake accounts. He also accused Mr Agrawal of misleading him on Twitter’s fake accounts. The relationship between the two soured after Mr Musk tweeted “Is Twitter dying?” in April. The series of text messages were disclosed in a US court filing.
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His total compensation for 2021 was $30.4 million, largely in stock awards, according to Reuters report.
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Now, after his exit, reports say that he is expected to get $42 million. The figure is based on the research done by form Equilar. The estimate includes a year’s worth of Mr Agrawal’s base salary plus accelerated vesting of all equity awards.
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