Twitter’s CEO and CFO got ousted by new boss. Sometimes it pays to get fired

28/10/2022

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Elon Musk is expected to make significant changes to his newly owned company twitter. He removed the current CEO and CFO Thursday and many more removals are expected in the near future.

Getting fired by a new boss proves very lucrative for top two executives.

Musk just took over Twitter after a deafening few months in which he offered to buy it for $44 billion then tried to back out of the deal, was sued by Twitter and ultimately agreed to buy it again. Now in charge, Musk is expected to reorganize the business and cut the workforce. By Thursday evening, the CEO, CFO, and chief legal officer were already gone.

Getting fired by Musk will likely give the executives some of the largest severance they’ve ever seen. Agrawal, who saw Musk turn on him months ago, is set to receive the largest payout of $38.7 million, due largely to the entirety of his shares vesting upon his firing.

Ned Segal, Twitter’s chief financial officer, is set to receive a $25.4 million payout for getting fired.

Vijaya Gadde, the chief legal officer, will leave with $12.5 million.

Sarah Personette, the chief customer officer, would get $11.2 million.

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