Parag Agrawal’s career as Twitter CEO could be over before it really began

Parag Agrawal’s career as Twitter CEO could be over before it really began

TechCrunch

Jack Dorsey set to pocket $978M if Elon Musk’s Twitter acquisition closes

Twitter’s co-founder and former CEO Jack Dorsey is poised to receive a significant payday if Elon Musk’s $44 billion acquisition of the social media giant closes, as his Twitter shares would be converted into cash. Dorsey, who has declined to take a salary from the company and instead chose to take a $1.40 annual paycheck, owns 2.4% of the company, with just over 18 million shares. Under Musk’s offer to buy each Twitter share for $54.20, Dorsey would receive a $978 million in cash, according to a report from The Wrap.

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