Twitter founder Jack Dorsey stands to earn a $978 million payday if Elon Musk completes his hostile takeover of the social media giant, while current CEO Parag Agrawal could earn $39 million from his golden parachute package.
Dorsey, who stepped down as CEO late last year, holds just over 18 million shares in Twitter — which has been the bulk of his compensation while he took a $1.40 annual paycheck while serving as chief executive since the platform launched in 2006. With Musk’s buyout offer at $54.20 per share, Dorsey stands to walk away from his company with just under $1 billion, according to the company’s latest proxy filing.