twitter ceo parag agrawal twitteragrawalparaga

#Twitter ceo parag agrawal twitteragrawalparaga software#

jack Parag Agrawal was appointed as the new CEO. Twitter stock rose on the news, which was first reported by CNBC. 2021: Jack Dorsey stepped down as CEO of Twitter on November 29, 2021. Twitter has become the subject of multiple lawsuits after Musk became its owner. He will be replaced by Twitters chief technology officer, Parag Agrawal, a 10-year veteran of the company. At that time Bloomberg reported that these execs had an exit package of more than $100 million. The filing says that Twitter “breached the agreements and contravened the bylaws” by not paying the former employees.Īfter Elon Musk took over Twitter last October, he immediately fired Agrawal, Gadde and Segal. The plaintiffs wrote to Twitter multiple times demanding the reimbursement, but they just got acknowledgment receipts in response, the document added. The document lists a number of legal battles and government probes these execs were involved in over the years as defendants. Twitter CTO Parag Agrawal replaces Jack Dorsey as CEO / Dorsey is out after returning to lead the company in 2015 By Richard Lawler, a senior editor following news across tech, culture. “This action seeks an expedited ruling requiring Defendant to comply with its obligations to advance legal fees and expenses relating to ongoing litigation and investigations,” the lawsuit says. The lawsuit, filed in Delaware Chancery Court, alleged that Twitter has to pay more than $1 million to the former executives for legal bills they incurred while at the company to respond to requests by the Department of Justice and Securities and Exchange Commission. Sign up now: Get smarter about your money and career with our weekly newsletterĭon't miss: Elon Musk sold $5.Former Twitter employees, including ex-CEO Parag Agrawal, ex-legal head Vijaya Gadde and ex-CFO Ned Segal, have sued the social network over alleged unpaid legal reimbursements. In a surprise and almost sudden move, Jack Dorsey, the co-founder and chief executive officer of Twitter announced that he is stepping down, ceding the position to the company’s Chief Technology. But then and now, above all else, I see Twitter's incredible impact, our continued progress, and the exciting opportunities ahead of us.'

'I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes. 'While it was a decade ago, those days feel like yesterday to me,' Agrawal wrote in an email to employees after being announced as CEO. The long-term vision, CNBC reported in 2019, is to allow users of different social networks to communicate with one another seamlessly.Īs CTO, Agrawal also helped accelerate Twitter's growth by helping guide the development of its artificial intelligence and machine learning technology, according to his bio. In particular, Agrawal has been a key player in Dorsey's Project Bluesky, an open-source project whose ultimate goal is to make different social media networks interact similarly to email.

#Twitter ceo parag agrawal twitteragrawalparaga software#

He is currently worth more than $12 billion, according to Bloomberg.Īgrawal joined Twitter in 2011 as a software engineer and rose through the ranks to become one of Dorsey's closest partners in charting the future of the company, CNBC reported Monday. Dorsey took a lower salary to symbolize 'his commitment to and belief in Twitter's long-term value creation potential,' the company said in a filing. Agrawal has also been granted a stock award worth $12.5 million, which will vest in 16 equal quarterly increments beginning February 1, 2022.Īgrawal's salary is a far cry from the $1.40 annual pay his predecessor earned for the past few years.

Agrawal, 37, will also be eligible for an annual performance bonus worth as much as 150% of his salary, meaning he could take home up to another $2.5 million per year.