Agrawal to draw $1 million annual salary, get restricted stock worth $12.5 million

NEW DELHI: In his elevation because the CEO of Twitter, Parag Agrawal joins the elite checklist of Indian-origin CEOs,who get pleasure from topdollar salaries, good-looking perks and profitable inventory choices, taking their whole annual compensation into hundreds of thousands of {dollars}, giving them a spot within the coveted checklist of world’s highest-paid executives
Whereas he’s nonetheless a beginner to the richie-rich membership, his meteoric elevation and comparatively youthful age (37 years), other than Twitter’s rising affect globally, ensures that he will even transfer up swiftly within the space of compensation and rewards, which has additionally been a case for the opposite CEOs. Agrawal’s annual wage will likely be $1 million, other than which he will even obtain restricted inventory models valued at $12.5 million that will likely be vested in 16 equal quarterly increments, beginning February 2022.

Apparently, Jack Dorsey — a co-founder of Twitter who additionally holds a 2.3% stake within the firm — had been taking residence an annual wage of a mere $1.4 since 2018, justifying the uncanny compensation to his “perception in Twitter’s long-term worth creation potential”.
Agrawal’s elevation not solely catapulted him to worldwide limelight virtually immediately, contemplating he’s succeeding one of many tech world’s prime tech titans Dorsey, but additionally ensured a hefty compensation package deal that comes together with the accountability of main the world’s most alive and largest micro-blogging platform.
Agrawal, a passout of IIT Bombay and a PhD in pc science from Stanford College, was the chief know-how officer of Twitter since October 2017 after having joined the corporate in 2011 as a software program engineer. Whereas engaged on his distinctive technique for the tech big at a time when governments and regulators the world over are cautious about social-media firms and their maintain on public sentiments, he additionally has a number of catching as much as do when one compares the compensation of different India-born CEOs.
For instance, 49-year-old Sundar Pichai, CEO of Google’s mother or father Alphabet, acquired $281 million in whole compensation in 2019, changing into one of many largest salary-drawers on the earth. Compatriot Satya Nadella (54 years), the chairman & CEO of Microsoft, took residence $43 million in the identical 12 months, whereas Shantanu Narayen (58 years) obtained $39.2 million.