Twitter co-founder Jack Dorsey gave a nod to billionaire Elon Musk’s vision for the networking platform he created.
Musk bought Twitter for $44 million, and according to Dorsey this is the “right path” for the company.
Dorsey, who did not accept a salary as head of Twitter, he owned 2.4 percent of the company, or about 18,042,428 shares, according to The Hollywood Reporter.
That sets you up for a huge cash payout from $978 million when the deal is completed.
Agrawal and CFO Ned Segal have “change of control” clauses in their contracts, according to Twitter’s latest proxy filing, according to The Hollywood Reporter.
According to Agrawal’s clause, he cites his report to the “board of directors of a publicly traded entity,” meaning that the privatization of Twitter would trigger the clause.
If both executives were fired, Agrawal would receive a $38.7 million package and Segal would receive a $25.5 million package, according to the outlet.