Musk explains the reason for firing Parag Agarwal, CEO of Twitter
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New Delhi: Tesla and SpaceX CEO Elon Musk cited the reason for the removal of Indian-origin former Twitter CEO Parag Agarwal from the company. Agarwal was unable to keep up with the demands of social media, according to a new biography of Musk, one of Earth’s richest billionaires. Musk was profiled as a rule-breaking visionary in the book ‘Elon Musk’ by American author-journalist Walter Isaacson. Said to have helped usher the world into the era of electric vehicles.
According to excerpts published by the Wall Street Journal, Musk is very considerate of Agarwal. He is quoted in Isaacson’s book as saying, “He’s a really nice guy, but not the one aiming to be liked by managers.” should keep. Twitter needs a fire-breathing dragon, and Parag ain’t that.
When he acquired Twitter for $44 billion in October last year, Musk informed Agarwal and former legal and public policy head Vijaya Gadde that their employment with the company was over. Both executives were to receive hefty exit packages. Agarwal was last active on Twitter on October 6, 2022, and has not been seen active on any other social media platform, including meta threads.
In December last year, Musk released ‘Twitter Files’ season 2, revealing that the micro-blogging platform had a secretive group that included Gadde, then-CEO Agarwal and former global head of trust and security, Yoel Roth , who made controversial decisions. Angel investor Alex Cohen tweeted in July this year: ‘I still can’t believe Parag Agarwal only got to be CEO of Twitter for 11 months, then got paid $60 million. Got and now they get to sit back and enjoy this incredible drama.’
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