Former Twitter CEO Parag Agarwal was an IIT Bombay graduate whose salary was around Rs 8 crore when he was hired. He also received restricted stock units worth roughly Rs 94 crore, but was fired within a year.
Some of the largest software businesses in the world are led by IIT grads, and one IIT Bombay alumnus made news when he was named CEO and received a significant salary. When the IIT Bombay graduate was appointed, his pay was around Rs 8 crore, and he also received restricted stock units worth almost Rs 94 crore. He was fired after one year despite getting over Rs 100 crore in compensation. IIT graduate Parag Agarwal was fired as Twitter CEO after the world’s richest man bought the company for $44 billion. Elon Musk fired Parag Agarwal after many months as CEO.
Parag Agrawal was born in Ajmer to rich, educated parents. His father was a prominent Indian Department of Atomic Energy officer, while his mother is a retired economics professor.
Agrawal graduated from IIT Bombay in 2005 with a 77th percentile all India rank (AIR). Later, he traveled to the US to enroll in Stanford University’s computer science PhD program.
Agrawal had internships at Microsoft Research and Yahoo prior to joining Twitter in 2011. He spent almost six years working at Twitter until Adam Messinger’s departure led to his appointment as chief technical officer.
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Since leaving Twitter, Parag Agrawal has not worked for another organization. ‘Former CEO at Twitter’ is all that appears on his LinkedIn bio. Vineeta Agarwala, a general partner at the venture capital company Andreessen Horowitz, is the wife of Parag Agrawal. Two children belong to the engineer’s family.
Former Twitter CEO Parag Agarwal, an IIT Bombay graduate, was fired within a year after receiving a salary of around Rs 8 crore and restricted stock units worth around Rs 94 crore. Agarwal, who was appointed with a total compensation package of more than Rs 100 crore, was ousted from his position following Twitter’s $44 billion acquisition by Elon Musk. Born in Ajmer, Agrawal came from a wealthy, well-educated family and graduated from IIT Bombay in 2005 with a 77th percentile all India rank. He had internships at Microsoft Research and Yahoo before joining Twitter in 2011. Agrawal spent almost six years at Twitter before Adam Messinger’s departure led to his appointment as chief technical officer. Since leaving Twitter, Agrawal has not worked for another organization and is married to Vineeta Agarwala, a general partner at venture capital company Andreessen Horowitz.