Musk takes control of Twitter, fires CEO and CFO
Musk on ThursdayCompleted the acquisition of Twitter, he immediately fired CEO Parag Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde, general counsel Sean Edgett and chief client officer Sarah Personette. The judge gave him until Friday to complete the $44 billion deal. As compensation for her dismissal, Agrawal will receive $38.7 million, Segal $25.4 million and Gadde $12.5 million. Personette, who tweeted cheering the acquisition, received $11.2 million. Musk had previously reportedly planned to lay off three-quarters of Twitter’s workforce, a number he told employees after the acquisition was inaccurate. According to communications between Musk and his friend Jason Calacanis, the Tesla CEO is considering laying off workers by requiring telecommuting employees to return to the office, which would be considered voluntary resignations if they were unwilling to do so. For the future of Twitter, Musk has discussed turning it into a WeChat-like universal app that includes shopping, payments and gaming.