Dismissed top managers of Twitter will receive compensation for a total of $ 122 million

Three top managers of Twitter, fired by Elon Musk, who became the new owner of this company, will receive compensation for a total amount of about $ 122 million, the agency reports. Reuters with reference to the data of the research company Equilar, which calculated the amount.

Equilar estimates that the biggest golden parachute will go to now former Twitter CEO Parag Agrawal at $57.4 million. $20 million. The payment of certain compensation to top managers associated with the change of ownership of the company is stipulated in the contracts that Twitter enters into with them. This “golden parachute” includes 100% of the annual base salary, health insurance and equity compensation. Equilar research director Courtney Yu told Reuters that top executives who were fired could be denied compensation. But only in the event that “if Elon Musk has reasons for not fulfilling contractual obligations.” Such reasons, according to Ms. Yu, may be violation of the law by top managers or violation of company policy.

Alena Miklashevskaya