Elon Musk has decided not to join Twitter board: CEO Parag Agrawal | International Business News – Times of India
In a statement, Agrawal said that he and the company’s board had many discussions with Elon over joining the board.
“Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” tweets Twitter CEO Parag Agrawal.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. https://t.co/lfrXACavvk
— Parag Agrawal (@paraga) 1649646833000
Musk, who disclosed a 9.2% stake in Twitter just a few days ago, was offered a board seat and his appointment was to become effective on Saturday.
But “Elon shared that same morning that he will no longer be joining the board”, Agrawal said in a note on Twitter.
“We were excited to collaborate and clear about the risks. We also believed that Elon as a fiduciary of the company where he, like all board members, has to act in the best interest of the company and all our shareholders, was the best path forward. The board offered him a seat,” Agrawal said.
Musk had on Saturday suggested changes to Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin.
(With inputs from agencies)
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