Musk Consolidates Power at Twitter After Board Is Dismissed (1)

Elon Musk consolidated his control of Twitter Inc. on Monday after the entire board was dismissed.

Musk, 51, completed his purchase of Twitter last week for $44 billion and immediately started molding the company to his liking. One of the first steps he took was to fire four of the most senior executives of the company, including Parag Agrawal, the chief executive officer. Calling himself Chief Twit, Musk plans to effectively run the company himself in the immediate term, people familiar with his plans have said.

On Monday, Musk became the sole director of the social media company after ...