The Briefing Room
General Category => National/Breaking News => Topic started by: 240B on October 28, 2022, 08:28:02 am
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Musk to welcome Trump back onto Twitter as he reverses lifetime bans, takes helm as CEO and tweets 'the bird is freed' - after firing executives including Parag Agrawal who walks away with $42M
Elon Musk has formally taken over Twitter, triumphantly posting 'the bird is freed' and immediately firing several top executives in what is being seen as his first power move.
- Elon Musk on Thursday formally took control of Twitter, having made a high-profile visit to the San Francisco headquarters the day before - and tweeting on Thursday night: 'The bird is freed'
- As soon as his $44 billion takeover was finalized on Thursday night he fired the CEO, chief financial officer, general counsel, and head of legal policy, trust and safety
- Musk himself will take the role of CEO, according to sources who spoke to Bloomberg - although he may cede the role in the long term
- Musk had publicly criticized the leadership team and challenged them over their policies, in particular regarding censorship: several of the five were escorted from the building on Thursday evening
- Agrawal will walk away with $42 million, according to an analysis by research firm Equilar earlier this year
- Ex-CFO Segal - who was the man behind Donald Trump's Twitter ban - also received the handsome sum of $25.4 million after being fired by Musk on Thursday evening
- This deal completion comes at the eleventh hour - just one day before Musk was going to be dragged back into court after being sued by Twitter for a back-and-forth he had over whether he was going to buy the company
- Billionaire Musk is set to hold a company-wide town hall meeting on Friday after finalizing the deal on Thursday night
(more)
https://www.dailymail.co.uk/news/article-11363659/Done-deal-Elon-Musk-formally-takes-Twitter-fires-executives.html