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WASHINGTON: Twitter’s new boss Elon Musk wasted no time on Thursday firing CEO Parag Agarwal, authorized head Vijaya Gadde, and three different high executives of the corporate moments after he took cost, tweeting “the fowl is freed” to point the social media platform would now be extra open to unfettered and uninhibited speech.
As reported yesterday, dismissal of the 2 Indian-American principals was inevitable as quickly as Musk accomplished his acquisition. Agrawal and Gadde, who clashed with Musk within the days resulting in the takeover over purported faux accounts and censorship, have been actually proven the door, reportedly escorted out of the Twitter headquarters.
However there was an excellent cause they didn’t stroll out earlier than Musk took cost; Agrawal’s contract with the corporate is alleged to earn him a compensation of as much as $60 million within the occasion of his providers are termination.
By some accounts Agrawal’s exit will value the corporate $ 66 million, and Gadde will go away with a severance bundle of $ 72 million. The payout is alleged to be the sum of their present inventory holdings, salaries and inventory they owned that had not but vested however which Musk should now shell out.
“Fact. @paraga (his Twitter deal with) could also be a fired ceo however he lifted Elon’s pockets on the best way out for shareholders,” the tech author Kara Swisher tweeted, responding to a fellow scribe who stated “Agrawal secured the bag for his shareholders and obtained fired… they need to construct a statue of him within the shareholder worth corridor of fame.”
They have been referring to what’s extensively seen as a excessive value Musk paid for buying Twitter ($ 44 billion), a valuation that lifted the corporate’s share value for buyers who had lengthy despaired that the corporate’s inventory was underperforming.
On his half, Musk has forged his acquisition as a part of a noble mission “to assist humanity” and finish what he and lots of conservative activists within the US see as Twitter’s left-oriented censorship of uninhibited proper wing views.
The Tesla CEO, who is predicted to carry the nook suite in Twitter in the interim, has indicated he’ll permit former President Donald Trump to return to the platform, after he was evicted from there for peddling lies, a transfer denounced by Trump followers as censorship, and largely attributed to Gadde.
“Parag Agrawal and Vijaya Gadde may be fellow Indians, however I really feel about them the identical approach I really feel about two mafia bosses who relished “rubbing out” their opposition after which, as inevitably occurs to such individuals, obtained “rubbed out” themselves. Indians have a time period for this. Karma!”gloated Dinesh D’Souza, a conservative pro-Trump commentator.
However in India although, the social media platform is accused of being in cahoots with the ruling dispensation to suppress anti-government views.
Amongst those that greeted Musk’s acquisition was Congress chief Rahul Gandhi, who tweeted, “Congrats @elonmusk. I hope @Twitter will now act in opposition to hate speech, reality verify extra robustly, and can now not stifle the opposition’s voice in India because of authorities stress.”
As reported yesterday, dismissal of the 2 Indian-American principals was inevitable as quickly as Musk accomplished his acquisition. Agrawal and Gadde, who clashed with Musk within the days resulting in the takeover over purported faux accounts and censorship, have been actually proven the door, reportedly escorted out of the Twitter headquarters.
However there was an excellent cause they didn’t stroll out earlier than Musk took cost; Agrawal’s contract with the corporate is alleged to earn him a compensation of as much as $60 million within the occasion of his providers are termination.
By some accounts Agrawal’s exit will value the corporate $ 66 million, and Gadde will go away with a severance bundle of $ 72 million. The payout is alleged to be the sum of their present inventory holdings, salaries and inventory they owned that had not but vested however which Musk should now shell out.
“Fact. @paraga (his Twitter deal with) could also be a fired ceo however he lifted Elon’s pockets on the best way out for shareholders,” the tech author Kara Swisher tweeted, responding to a fellow scribe who stated “Agrawal secured the bag for his shareholders and obtained fired… they need to construct a statue of him within the shareholder worth corridor of fame.”
They have been referring to what’s extensively seen as a excessive value Musk paid for buying Twitter ($ 44 billion), a valuation that lifted the corporate’s share value for buyers who had lengthy despaired that the corporate’s inventory was underperforming.
On his half, Musk has forged his acquisition as a part of a noble mission “to assist humanity” and finish what he and lots of conservative activists within the US see as Twitter’s left-oriented censorship of uninhibited proper wing views.
The Tesla CEO, who is predicted to carry the nook suite in Twitter in the interim, has indicated he’ll permit former President Donald Trump to return to the platform, after he was evicted from there for peddling lies, a transfer denounced by Trump followers as censorship, and largely attributed to Gadde.
“Parag Agrawal and Vijaya Gadde may be fellow Indians, however I really feel about them the identical approach I really feel about two mafia bosses who relished “rubbing out” their opposition after which, as inevitably occurs to such individuals, obtained “rubbed out” themselves. Indians have a time period for this. Karma!”gloated Dinesh D’Souza, a conservative pro-Trump commentator.
However in India although, the social media platform is accused of being in cahoots with the ruling dispensation to suppress anti-government views.
Amongst those that greeted Musk’s acquisition was Congress chief Rahul Gandhi, who tweeted, “Congrats @elonmusk. I hope @Twitter will now act in opposition to hate speech, reality verify extra robustly, and can now not stifle the opposition’s voice in India because of authorities stress.”
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