Business

Musk takes over as Twitter boss; fires CEO Parag Agrawal, other top executives

Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters

October 28, 2022

Musk is now Twitter’s boss

As Tesla CEO Elon Musk takes over as Twitter boss, he reportedly fired top executives he had earlier accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.

Indian-origin CEO Parag Agrawal, Chief Financial Officer Ned Segal, and the company’s policy chief Vijaya Gadde, Sean Edgett, Twitter’s general counsel, and chief customer officer Sarah Personette were also fired by Musk, reports Insider.

According to sources, Agrawal and Segal were in Twitter’s San Francisco headquarters when the deal closed and was escorted out.

According to a CNBC report citing sources on Friday, Agrawal and Segal have left the company’s San Francisco headquarters and will not return.

The executive’s Musk fired have received handsome payouts. Agrawal received $38.7 million, Segal got $25.4 million, Gadde got $12.5 million, and Personette received $11.2 million.

Musk on Thursday told advertisers why he is finally acquiring Twitter, telling them that he wants the platform to be the most respected advertising platform in the world where users can see movies or play video games, ranging from all ages to mature.

In a letter to advertisers, he said that Twitter could not become a free-for-all hellscape, where anything can be said with no consequences.

“In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature,” Musk wrote to his more than 110 million followers.

He said that the reason he acquired Twitter is that “it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence”.