Vijaya Gadde is a highly accomplished attorney, corporate executive, and social media expert. Born in India and raised in Texas, she is widely regarded as a trailblazer in her field. As of 2022, Vijaya Gadde’s net worth is estimated to be $20 million.
Twitter Acquisition: What’s Happening?
On October 31, 2022, Elon Musk closed a $44 billion acquisition of Twitter, taking over as CEO. Almost immediately after the acquisition, he fired the company’s CEO Parag Agrawal, CFO Ned Segal, and top lawyer Vijaya Gadde. All three executives were entitled to generous golden parachutes, totaling $121 million, due to their termination in the event of a change in ownership.
Golden Parachutes: The Loophole
According to SEC filings, the golden parachute payments are intended to “maximize stockholder value and maintain executive focus.” However, Musk is seeking to void the payouts using a loophole in the executives’ contracts. If the executives are fired “for cause,” the golden parachute payments are forfeited. This means that if Elon believes the executives violated company policy or broke the law, they will be fired “for cause” and will lose their golden parachutes.
Vijaya Gadde’s Career
Before joining Twitter in 2011, Vijaya Gadde was a partner at the prestigious law firm of Simpson Thacher & Bartlett LLP, where she worked on mergers and acquisitions, private equity, and corporate finance transactions. She also worked as an attorney at the Federal Communications Commission, where she focused on internet and media issues. At Twitter, she served as the company’s general counsel and head of policy, leading the legal and public policy teams. She was instrumental in the development of Twitter’s content policies, which have been widely praised for their transparency and effectiveness.
Vijaya Gadde’s Net Worth
Vijaya Gadde’s net worth is estimated to be $20 million. In addition to her salary at Twitter, she also cashed out $35 million worth of Twitter stock in the wake of Musk’s acquisition. Her expertise in social media policy and corporate law has made her one of the most sought-after attorneys in Silicon Valley.
Conclusion
While the fate of Vijaya Gadde’s golden parachute is uncertain, there is no doubt that she will continue to be a force to be reckoned with in the world of corporate law and social media policy. As one of the most accomplished and respected attorneys in her field, she has set a high bar for herself and for those who follow in her footsteps.
