While Elon Musk gets busy with choosing a new CEO for Twitter once he takes control, current CEO Parag Agrawal is more concerned about the platform’s future than about his own career. According to a rumour, if Musk appoints new management, Agarwal would receive a $38.7 million pay package.
‘Don’t feel sorry for me; instead, pray for Twitter’: CEO
Uncertainty has lingered over Twitter since its board authorized Tesla CEO Elon Musk’s attempt to purchase the business for $54.20 per share, valuing it at around $44 billion. Musk, according to recent rumours, plans to choose a new CEO after finalizing the acquisition.
The current CEO, Parag Agarwal, is expected to continue until the transition is complete. According to a Reuters article, if Musk appoints new management, Agarwal would receive a $38.7 million pay package. Given the lack of information about the company’s day-to-day operations, the Mighty App founder resorted to Twitter to offer his condolences.
Dorsey Responds To Parag’s Tweet
“I feel for Twitter’s current CEO — he had all these ambitions and now has to live with the same uncertainty as to his whole crew,” he tweeted.
Meanwhile, former Twitter CEO Jack Dorsey responded to his post by saying that the creator of the Mighty App should not feel sorry for himself. Instead, he should think about Twitter.
Thank you, but please don’t feel sorry for me. What matters most is the quality of service and the individuals who are working to improve it,” he remarked in response to his tweet.
Agarwal’s Response To Question Regarding His Sacking
Later, Agarwal thanked Twitter’s workers for their ongoing efforts to enhance the site. “I picked this position to help Twitter improve, correct course and strengthen the service. Proud of our staff who, despite the noise, keep their concentration and intensity on the mission,” he tweeted.
A spoof account on Twitter reacted to the post by inquiring whether he had been fired. In reaction to this statement, Twitter’s CEO responded, “Nope!” He further stated, “We’re still here.”
Separately, Reuters reports that Musk is in negotiations with large financial companies and high-net-worth people to assist him to fund the acquisition so that he can put less of his personal fortune into it. Musk earlier indicated that he will put $21 billion into the acquisition in cash. He was also expected to take out a loan backed by his Tesla equity. However, according to a new rumour, he plans to reduce his total involvement in the deal.
