Parag Agrawal: Just-fired Twitter CEO who'll get $42million in severance
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Parag is an IIT Bombay graduate who has served as the Chief Technology Officer at the microblogging platform
Parag Agrawal was fired by Elon Musk as Twitter CEO after the latter's takeover of the social media platform. He is due to get $42million in severance.
Parag is an IIT Bombay graduate who has served as the Chief Technology Officer at the microblogging platform.
Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support 💙 https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1
— Parag Agrawal (@paraga) November 29, 2021
Agrawal had completed his PhD in computer science from the prestigious Stanford University.
He joined Twitter in 2011 and has served as chief technology officer since October 2017, where he was responsible for the network's technical strategy.
He has previously worked in AT&T, Microsoft Corporation, and Yahoo. According to PeopleAI, Agrawal has an estimated net worth of $1.52 million.
Jack Dorsey had once praised Agrawal, saying, ''My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead.''
Bret Taylor, chair of Twitter's board of directors, had earlier shown immense faith in Agrawal, saying, “I know he'll hit the ground running to strengthen execution and deliver results. The Board has the utmost confidence in Parag."
CEOs of Indian origin are dominating the Silicon Valley as well as the global technology sector. Here is a list:
#Google - Sundar Pichai
#Microsoft - Satya Nadella
#IBM - Arvind Krishna
#Adobe- Shantanu Narayen
#VMWare - Raghu Raghuram
In 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued that he was paying too little attention to Twitter while also running payments processing company Square Inc.
Dorsey fended off the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter's board.
He is credited with coming up with the idea for Twitter when eventual co-founder Evan Williams gave workers at blogging startup Odeo two weeks to work on fun new projects as a way to break up the daily routine.
It would be interesting to see what Musk has up his sleeve for Twitter. He had once said that Twitter isn't progressing as much and the world would now be waiting to see how he plans to turn around the fortune of the company.
(With inputs from agencies)