The Twitter co-founder and top company executives could be in line for significant paydays should the Tesla mogul's deal close, even though they might prefer to be running the company themselves.
If Musk terminated their employment, Agrawal would be in line for a $38.7 million pay package, with Segal receiving a $25.5 million package. They would also need to meet “non-solicitation, non-disparagement and confidentiality conditions,” according to the Twitter proxy.
Of course, it is not at all clear that Agrawal wants such an outcome. In his statement announcing the deal, one could sense a melancholy tone: “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.” And, of course, with Twitter’s stock trading in the $70 range just last year, the $54.20 payment may be even more disappointing.
Meanwhile, Twitter board chair Bret Taylor is in line to receive a cash pay out just over $3 million, while former board chair Omid Kordestani will receive a $50.6 million payout.
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