Twitter management reshuffled and Musk had to pay more than $200 million to three fired executives

October 28, according to foreign media reports, after Musk completed the acquisition of Twitter on the evening of the 27th, the management was reshuffled as soon as he took office, firing a number of former Twitter executives.

Parag Agrawal, Twitter's former chief executive, Ned Segal, chief financial officer, and Jaya Vijaya Gadde, head of legal policy, legal affairs and security, were all fired and Sean Edgett, the company's general counsel, was ousted, according to people familiar with the matter.

It is reported that CEO Agrawal and CFO Siegel were escorted from Twitter's San Francisco headquarters by guards when the deal was completed.

It is reported that Agrawal, Segal and Gadde enjoy the "golden parachute" clause in the acquisition, so Mr Musk has to pay them more than $200m in severance pay.

In addition, the trio own about 1.15 million Twitter shares, more than half of which are owned by Gadde, worth $33.8 million. Mr Musk will buy about $62 million worth of shares held by the trio, just like any other shareholder.

In addition, people familiar with the matter said that Twitter's engineers could no longer make changes to the code, and Tesla's engineers came in to check.