[chamakits]

I understand that he has been publicly combative with all the executives; but is it a practical to fire all those key executives right away?

Specially, do they not contain any specifically useful knowledge or experience that you should make an attempt at creating a collaborative transition?

Is this how these kinds of acquisitions of public companies happen? Isn’t this effectively freezing all significant activities for a significant ramp up time?

[concinds]

It's pretty common for the CEO, CFO and general counsel to be dismissed after acquisitions in circumstances (like here) where the acquisition is a disavowal of their vision and leadership. Keep in mind there are far more executives than these three.

It's less likely to happen for well-run, profitable companies that are just being acquired for talent or synergy reasons.

The size of the acquired and acquiring firms, and the type of acquisition, also plays a part; if Apple buys a startup, they might want to subsume them immediately into existing projects, so they'd likely fire the CEO CFO and GC; but if Google buys Nest or Fitbit (which serve different markets than Google, and are minor hobbies that shouldn't detract from Google's organizational priorities) they're more likely to keep the entire team intact (unless they willingly exit; that's another scenario).

He still communicates regularly with Jack Dorsey, so I doubt there's much knowledge and experience being lost.

[rootusrootus]

> It's less likely to happen for well-run, profitable companies that are just being acquired for talent or synergy reasons.

Even then, it happens. My current company (mid sized, ~6000 employees) was recently acquired. Taken from public to private in the process. There's no broad plan to change what we do or how we do it, we are in an established market with pretty solid revenue numbers. They still axed the top three executives immediately.

[skissane]

> He still communicates regularly with Jack Dorsey, so I doubt there's much knowledge and experience being lost.

I would not be surprised if Musk convinces Dorsey to come back to Twitter in some kind of formal (but part-time) role. Board member, adviser, consultant, etc

[BryantD]

I wouldn't have done it that quickly.

Parag Agrawal just made $42 million as a severance package. His 2021 pay package was around $30 million. You'd save around $10 million by shifting him over into an advisor role, telling him to go home and lounge by the pool, and calling him any time you needed whatever insight he might be able to offer. I don't expect you'd call him very often, since I don't think he did an insanely great job as CEO, but maybe he's got the password to the office safe or something.

I'm too lazy to look up the details for the other execs who were fired, but the same kind of math likely applies.

I assume that they're no less limited in what they can say publicly than they would be if they were still employed as officers of the company. Severance agreements often come with NDAs. So that's probably a wash.

It is possible that there's some value in sending the message that nobody is safe. My personal opinion is that managing from fear like that isn't long-term valuable, and I think moving them into clear advisory roles sends the same message, but I could be wrong there.

[randoglando]

> since I don't think he did an insanely great job as CEO

TBF he did the one thing he needed to do - sell Twitter at an absurdly high valuation, great for all stockholders especially in this market. And, he kept Twitter chugging along without any failures. I can't expect more from a CEO.

EDIT: I see the rest of your comment is about why Elon wouldn't need him. With that, I can somewhat agree, though Parag has been at Twitter for a long time, and as CTO as well.

[pfisherman]

They outmaneuvered him and picked his pocket to the tune of $44 billion, so I suspect that he is not very fond of them.

I honestly wonder if Jack Dorsey did not just con his “buddy” out of a boatload of cash.

[pie_flavor]

Elon started out thinking he could work with these people, and then as he prepared to join the board, rapidly became disillusioned, and became convinced that they had no idea what was good for Twitter and the only exec who ever did was Jack. I would recommend looking at some of the text exchanges between Elon and Parag/Jack, they've been published and talked about pretty much everywhere, if you want to understand the vibe shift that basically guaranteed this would be his first act.

[lupire]

Musk is CEO now. He doesn't need another one.

[koonsolo]

He's also CEO of Tesla and SpaceX, and is involved in some other projects. Are you sure he doesn't need someone to run the business... somewhere? He needs to have a limit at some point, right?