Wednesday, October 8, 2025

Latest

Elon Musk To Cough Up $204 Million As Severance To Fired Twitter Execs

Twitter Inc.’s (NYSE: TWTR) top executives are walking away from the company with a big payday. 

Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Vijaya Gadde, Twitter’s general counsel and head of legal policy were reportedly fired Thursday evening as Elon Musk officially took control of the social media giant, marking the end of the long and tumultuous period since Musk offered $44 billion for the company. 

The move provides the three executives a “golden parachute” clause equivalent to US$204 million in compensation and stock awards according to a US Securities and Exchange Commission filing. Agrawal, Segal, and Gadde will receive a year’s salary and health benefits. The 2021 base pay for Agrawal was $623,000 while Segal and Gadde’s was $600,000 each.

As with all the company’s stockholders, they will also be compensated for their stake in the company. The three will receive a payout of about $65 million, equivalent to 1.2 million shares total, with $34.8 million belonging to Gadde. 

But the largest chunk of the package will be coming from accelerated vesting of promised future stock compensation. The clause in the deal approved by the company’s shareholders provides that, if terminated, the three would automatically vest stock worth $119.6 million as severance, with $56 million of it for Agrawal.

Agrawal will walk away with a bag of cash worth $65 million, Segal with $66 million, and Gadde with the heaviest bag at almost $74 million.

Twitter last traded at $53.70 on the NYSE, close to the $54.20 share price Musk is paying.


Information for this briefing was found via the SEC, MarketWatch, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Animals Were Harmed At Elon Musk’s Neuralink As Federal Probe Ensues

Elon Musk’s medical firm Neuralink is reportedly being investigated by the federal government for alleged...

Tuesday, December 6, 2022, 12:51:00 PM

IRS Employees Who Accepted OPM’s “Deferred Resignation” Offer Dismayed With Job Extension

Some IRS employees who accepted the Office of Personnel Management’s (OPM) “deferred resignation” offer are...

Saturday, February 8, 2025, 03:04:00 PM

X Goes Fintech: Visa Partners With Elon Musk’s App To Launch XMoney

Visa (NYSE: V) has announced a strategic partnership with Elon Musk’s X to launch XMoney,...

Wednesday, January 29, 2025, 02:07:00 PM

SEC: Elon Musk’s Tweets About Tesla May Still Be Legitimately Investigated

While he challenged Russian President Vladimir Putin to a fight on Twitter, Tesla (Nasdaq: TSLA)...

Wednesday, March 23, 2022, 09:56:00 AM

“Don’t Be Bothered By Stock Market Craziness,” Elon Musk Tells Tesla Employees Despite Stock Compensation

Tesla (Nasdaq: TSLA), like most other tech businesses, includes stock options and grants in its...

Sunday, January 1, 2023, 01:48:00 PM