In the afternoon of October 27, Musk and Twitter closed the deal, with Musk tweeting "the bird is freed". Musk immediately became Twitter's new owner, promptly firing Agrawal, chief financial officer (CFO) Ned Segal, Gadde, and general counsel Sean Edgett, with the executives escorted out of the company's headquarters by security. Agrawal, Segal, and Gadde were set to receive "golden parachute" sums of $38.7 million, $25.4 million, and $12.5 million, respectively, but The New York Times reported that Musk was unlikely to make the payments because the executives had been dismissed for cause. According to the Financial Times, Musk's justification for this assertion was that the company had been mismanaged, and the executives were "weighing their legal options over the decision". Dorsey retained his $1 billion ownership stake, and several other executives departed Twitter in the ensuing days.
