Is Elon Musk about to ax millions in severance for Twitter execs?
As if getting fired from your job isn’t distressing enough, it’s got to hurt a whole lot more when you miss out on $122 million in payouts. Reuters reported that Elon Musk recently fired Twitter chief executive Parag Agrawal, CFO Ned Segal, and legal affairs and policy chief Vijaya Gadde. According to research firm Equilar, these folks were set to receive “golden parachute” payout packages worth up to $122 million in severance and unvested stock options. But according to the New York Times, “Mr. Musk… appears unlikely to pay the golden parachutes that the fired top executives of Twitter were set to receive. Under the merger agreement, those executives… had been set to receive compensation of $20 million to $60 million if they were fired. But Mr.
