The old Twitter boss is rich because he was fired by billionaire Elon Musk

The US technology billionaire after many controversies has finally completed the acquisition of social networking giant Twitter for $ 44 billion.

According to the New York Times, although only officially taking over the company on October 28, the billionaire born in 1971 is said to have fired 4 senior leaders of Twitter.

Specifically, the “victims” include: Chief Executive Officer (CEO) Parag Agrawal, Chief Financial Officer Ned Segal, Director of Legal and Policy Vijaya Gadde and Chief Customer Officer Sarah Personette.

Just took over Twitter, billionaire Elon Musk has fired a series of senior personnel. Photo: The Verge

Disclosure from Business Insider said that Twitter bosses who were fired immediately received huge compensation. In fact, between them and the company signed the terms of the “change of control” case.

Accordingly, if Twitter “changes owners” but they are fired, they will receive a certain amount of severance compensation. The amount of shares they hold is also paid immediately without waiting for the deadline as previously agreed.

The source said CEO Parag Agrawal will receive a payment of $ 38.7 million, largely thanks to the payment of all shares held when he is fired. Chief Financial Officer Ned Segal received $25.4 million in compensation. Director of Legal and Policy Vijaya Gadde leaves Twitter for $12.5 million. In the end, Chief Customer Officer Sarah Personette received $11.2 million in layoff compensation.

The high-level employees of Twitter fired by billionaire Elon Musk received a total compensation of up to $ 88 million and this is the highest amount of compensation ever seen in cases of being fired by the US billionaire.