· Elon Musk fired Twitter execs including CEO Parag Agrawal 'for cause' in a bid to avoid paying out tens of millions in severance, report says.

· Elon Musk fired top Twitter execs "for cause" to avoid severance payments, The Information reported.

· He fired CEO Parag Agrawal, and three other executives on Thursday as he completed his takeover.

· They are in line to receive up to $122 million in payouts, researchers from Equilar told Reuters.

· Elon Musk fired top Twitter executives "for cause" in an attempt to avoid hefty severance payouts in the wake of his takeover of Twitter,

· Musk removed Parag Agrawal, the CEO of Twitter; Ned Segal, the chief financial officer;

· Vijaya Gadde, the legal chief; and Sean Edgett, the general counsel, on Thursday after closing his $44 billion deal.

· Musk dismissed the executives "for cause" to try to avoid severance payouts

· Unvested stock awards, suggesting he had justification for their termination.

· The former executives were in line for payouts totalling almost $90 million, with Agrawal set for $38.7 million, largely due to shares vested since his departure.

·  The research firm Equilar told Reuters the payouts could go as high as $122 million.