Breaking News
1. AI breakthrough in breast cancer detection: New study claims over 17% improvement in screening accuracy      2. Inflows into equity mutual funds jump 14.5% to Rs 41,156 crore in December: AMFI      3. ONGC expects additional revenue of up to $10.3 billion from BP’s intervention in Mumbai High field      4. Pravasi Bharatiya Divas LIVE: India will fulfill world’s demand for skilled talent, says PM Modi      5. India-Taliban talks: Region in flux and 5 reasons behind Delhi’s decision to engage Kabul      6. California wildfire: Burning Los Angeles looks ‘apocalyptic’ in scary visuals      7. Tirupati stampede: Andhra Pradesh government announces ex-gratia of ₹25 lakh to next of kin of deceased      8. Massive fire at Varanasi railway station parking, over 200 vehicles gutted      9. First Sambhal, Then Ajmer: Ex-CJI Chandrachud Under Fire For ‘Opening Floodgates’ Of Survey Pleas      10. Chennai Airport Shut, Trains Hit As Cyclone Fengal Intensifies      11. 2nd Hindu Priest Arrested In Bangladesh Amid Protests: ISKCON Member      12. Man climbs mobile tower in Kota, threatens suicide over his tractor seizure      13. Body of 2-year-old, his grandmother recovered from river in Manipur      14. Bodies of six abducted in Jiribam found; Kerala CM and UDF leaders argue over BJP defection      15. Several flights, trains disrupted as Delhi covered in smog, visibility down      16. Delhi air quality: AQI at this Delhi station above 1500      17. Pawan Kalyan condemns deaths of 2 Hindu girls in Pakistan who faced ‘atrocities’      18. India not to travel to Pakistan for Champions Trophy, wants its matches in Dubai      19. India not to travel to Pakistan for Champions Trophy, wants its matches in Dubai      20. Samosas, cakes meant for Himachal Pradesh CM Sukhu served to his security staff instead; CID probe on     
  1. Home
  2. News

Elon Musk's Entry: Prag's Exit, And the Drama continues-1

  • Posted on October 28, 2022
  • News
  • By Akta Yadav
  • 309 Views
2022/10/prag-and-musk1-1-1024x579.png

The very first thing Elon Musk did on his acquisition of Twitter is announcing exit for Twitter CEO Parag Agrawal and his two top executives. The much-hyped action was long on cards from the day Musk was expected to take over the Social Media platform Twitter. There is plethora of twits on Musk’s decision and even some memes are viral stating how insecure is the job of a private company no matter what post a person may hold. The meme is true upto some extant seeing another high-profile case of sacking the Chairman of Tata Sons, Cyrus Mistry and now this trio of Twitter who have been asked to put down their papers.

One may wonder why Musk is so hell bent to fire CEO Parag Agrawal, If the media news from USA are to be believed then all the three top level officers of Twitter namely CEO Prag Agrawal, CFO Ned Segal  and Legal Head Vijaya Gadde have been shown the door. The actual reason behind this high voltage drama is believed to be the feeling of distrust between the new boss Elon Musk and these three. Musk is supposedly not happy with the advice and actual valuation of the company assets which was allegedly flattened by the team.

However who is the winner in this whole drama may be thing of academic discussion but Prag will not walk away empty handed. He will have a fortune of around USD 38.7 Million. Similar packages will be taken by other two executives. Now its for the future to see how this deal unfolds for Musk which has been said to be a very expensive deal by many corporate and financial experts.

For more such insights keep visiting website: topstoriesworld.com

Author
No Image
Author
Akta Yadav

You May Also Like