CEO Parag Agrawal held an all-hands meeting Monday afternoon via video to explain the Twitter board's decision to sell the company to the billionaire Tesla CEO Elon Musk, who was notably absent from the call.

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Twitter Inc. According to research company Equilar, CEO Parag Agrawal will receive an estimated $ 42 million if it is terminated within 12 months of a change in control of the social media company.

On Monday, billionaire Elon Musk agreed to buy Twitter for $ 44 billion, ending it as a public company since 2013.

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In a stock filing on April 14, Musk said he did not trust Twitter's management.

Equilar's estimate includes Agrawal's annual base salary and faster distribution of all stock prices, a Equilar spokesman said on the basis of Musk's offer price of $ 54.20 per share and terms in a recent statement from the company.

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A Twitter representative declined to comment on Equilar's estimate.

Agrawal, the former chief technology officer of Twitter, was appointed CEO in November. Its total compensation in 2021 is $ 30.4 million, according to a Twitter proxy, the highest stock price.

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