The Wall Street Journal says that Elon Musk fired Ned Segal from his job as Twitter’s chief financial officer (CFO) after he took over the company. On Thursday night, the Tesla and SpaceX founder finished the $44 billion deal and bought the social media platform based in San Francisco.
Several reports say that after Musk took over Twitter, CFO Ned Segal and other top executives left the company.
We look at the Twitter deal and Ned Segal’s career and net worth.
Ned Segal, Twitter’s CFO, Was Reportedly Fired
CNBC says that Twitter CFO Ned Segal, who worked there for five years, was fired on Thursday evening and left the company’s headquarters. The outlet says that CEO Parag Agrawal and head of legal policy Vijaya Gadde have also left the social media giant. Ned Segal has been asked for his thoughts by HITC and GRV Media.
BREAKING: Twitter CEO Parag Agrawal and CFO Ned Segal have left the company, leaving Elon Musk in charge of Twitter.
— Benny Johnson (@bennyjohnson) October 28, 2022
After taking over Twitter on Thursday, Musk tweeted, “The bird is freed.” This seems to be a reference to the company’s logo.
Ned Segal’s Net Worth
His LinkedIn page says that Ned became CFO of Twitter in August 2017. Before this, he worked at Intuit as the senior vice president of finance (2015-2017). From 2013 to 2015, he was the CFO at RPX Corporation. From 1996 to 2013, he worked at Goldman Sachs as the head of global software banking.
According to Wallmine, Ned Segal Net worth is around $54.9 million as of 2022.
Ned is also a director and a member of the audit committee at Beyond Meat, a company in Los Angeles that makes products that taste like meat but are made from plants. In 2009, Ethan Brown began the business.
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Elon Musk’s $44 Billion Twitter Deal
Musk said that he had made an offer to buy Twitter for $43.4 billion on April 14, 2022. A filing with the SEC says that he offered to pay $54.20 in cash for each share he doesn’t already own.
Elon Musk will be fully in charge at Twitter as CEO Parag Agrawal and CFO Ned Segal are reportedly leaving the company. pic.twitter.com/rmRm8NpU6c
— Pop Crave (@PopCrave) October 28, 2022
“I am offering to buy all of Twitter for $54.20 per share in cash, which is a 54% increase from the day before I started investing in Twitter and a 38% increase from the day before my investment was made public,” the founder of SpaceX wrote in the filing.
“My offer is the best and last one I can make, and if it isn’t accepted, I’ll have to rethink my role as a shareholder.”
Forbes says that Musk’s wealth has grown a lot since 2020, going from $30 billion to $221.5 billion in 2022.
Stay tuned for more updates on NogMagazine.com