‘Bird is freed’: Musk takes over Twitter, fires CEO Parag Agrawal

“The bird is freed,” Musk had tweeted on Friday after completing the takeover of Twitter and firing the social media giant’s four top executives, including Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.

Three of the top executives who were said to be fired are poised to collect more than $100 million in severance and payouts of previously granted equity awards.

Chief Executive Officer Parag Agrawal, who stepped into the role less than a year ago, is eligible to receive roughly $50 million, according to calculations by Bloomberg News. Chief Financial Officer Ned Segal and Vijaya Gadde, head of legal, policy and trust, are in line for about $37 million and $17 million each, respectively.