Jack Dorsey Stands to Make $978 Million USD from Elon Musk's Twitter Buyout
Current CEO Parag Agrawal is also set to make $42 million USD from his golden parachute package.
Elon Musk‘s acquisition of Twitter at a 38% premium per share at $54.20 USD will reportedly raise Jack Dorsey‘s total stock value to close to $1 billion USD.
Holding a little over 18 million shares in Twitter, Dorsey who stepped down as CEO last year will stand to make $978 million USD from Elon Musk’s $44 billion USD takeover. On top of the Twitter co-founder’s big payday, current CEO Parag Agrawal is set to make $42 million USD from his golden parachute severance package.
In other news, here’s how the internet reacted to the Twitter buyout.
