Elon Musk, the billionaire CEO of SpaceX and Tesla, is reportedly taking steps toward cleaning house at Twitter shortly after it was announced on Monday that his bid to purchase the company was accepted for $44 billion.
According to a report from Reuters, Musk may be planning on appointing a new CEO of Twitter when he takes control of the company. This means that the current CEO, Parag Agrawal, could potentially be out of a job soon.
TechCrunch reported that if Musk does bring in new management when the deal closes, Agrawal will receive $38.7 million, based on a clause in his contract with the social media behemoth.
Since purchasing Twitter, Musk has utilized his Twitter account to keep users up to speed on some of his plans. On April 21, Musk tweeted, “If our Twitter bid succeeds, we will defeat the spam bots or die trying!”
Musk has also openly used his Twitter account to comment on those criticizing his move to transform the social media site into a place where “free speech” can flourish.
“Free speech is the bedrock of a functioning democracy,” Musk stated on Monday, “and Twitter is the digital town square where matters vital to the future of humanity are debated.” He also discussed his desire to introduce new features, open source algorithms, and authentication of users in the same statement.
Further, Musk has attacked Twitter’s far-left censorship policies and those who are voicing their opposition to free speech. He remarked on Friday, “The far left hates everyone, themselves included!”
Musk has made his disdain for censorship public and stated his intent to “make Twitter maximum fun” by redesigning the platform’s functionality and allowing free speech. This is a good indication that when he takes control of the company, he will likely bring new people into the fold who will work to further his mission.