Whereas he’s nonetheless a beginner to the richie-rich membership, his meteoric elevation and comparatively youthful age (37 years), aside from 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 probably be $1 million, aside from which he will even obtain restricted inventory models valued at $12.5 million that will probably be vested in 16 equal quarterly increments, beginning February 2022.
Curiously, Jack Dorsey — a co-founder of Twitter who additionally holds a 2.3% stake within the firm — had been taking house 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 nearly immediately, contemplating he’s succeeding one of many tech world’s prime tech titans Dorsey, but in addition ensured a hefty compensation bundle that comes together with the duty 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 expertise 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 internationally are cautious about social-media firms and their maintain on public sentiments, he additionally has plenty 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 mum or dad Alphabet, obtained $281 million in complete compensation in 2019, changing into one of many greatest salary-drawers on the planet. Compatriot Satya Nadella (54 years), the chairman & CEO of Microsoft, took house $43 million in the identical 12 months, whereas Shantanu Narayen (58 years) obtained $39.2 million.
Supply: Times of India