Jack Dorsey has surprisingly announced his resignation as CEO of Twitter. After this, the Board of Directors unanimously appointed Parag Agrawal as CEO. Agrawal joined Twitter as an advertising engineer in 2011 and has been Chief Technology Officer or CTO since October 2017.
After being appointed CEO, Agrawal will receive $ 1,000,000 in annual salary and will continue to be associated with a new target bonus of 150% of annual salary as a participant in the company’s executive bonus plan, Twitter said in SEC filing. ..
Agrawal owns a Twitter stock unit with a face value of $ 12 and 50,000. Starting February 1, 2022, these stock units will be vested in 16 equal quarterly increments (each 6.25% of the grant).
“On November 29, 2021, Twitter Inc. announced that Jack Dorsey has decided to resign as Chief Executive Officer on November 29, 2021. Our Board of Directors has unanimously decided to resign. Appointed Parag Agrawal, Chief Executive Officer and a member of the Board of Directors, effective November 29, 2021. Dorsey will be non-employee until his term expires at the 2022 Shareholders’ Meeting. I will continue to participate in the Board of Directors of the Company as a member director.
Immediately after this news became Twitter’s top trend, the Internet began sharing tickling memes. One of the users also said that the happiest person at the moment is the controversial favorite child. Her Twitter account is actor Kangana Larnout because she was suspended after commenting on a peasant protest in India.
Kangana Ranaut, known for her movies like Thalaivi, also shared a screenshot of the Instagram story tweet and wrote the three-word caption “Byechacha Jack …”.
Also read: “The United States has greatly benefited from India’s talent”: Elon Musk has appointed Parag Agrawal as Twitter CEO
Read also: Meet Parag Agrawal: Alumni of IIT Bombay, currently Twitter CEO
Read more: Jack Dorsey resigns and takes over Twitter CEO Parag Agrawal
“Is Twitter now an Agrawal tweet?”: Memes continue after Parag Agrawal becomes CEO of Twitter
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