Twitter CEO and co-founder Jack Dorsey again got paid nothing to run the social-networking company last year, the third year in a row Dorsey has turned down pay.
"As a testament to his commitment to and belief in Twitter's long-term value creation potential, our CEO, Jack Dorsey, declined all compensation for 2017," the company said in a proxy statement filed with the SEC on Wednesday.
But Dorsey still owns a bundle of equity in Twitter, whose stock has increased in value 20 per cent since the beginning of 2018. As of April 2, Dorsey owned 18 million shares of Twitter, currently worth $US529 million as of Wednesday's closing price. His holdings represent 2.39 per cent of all outstanding shares.
Dorsey also is the CEO of payments company Square, where his base annual salary was $US2.75 for the year ended 2016. He owned 65.5 million shares of Square, according to the company's 2017 proxy statement, which currently would be worth $US3.1 billion.
According to Twitter's filing, CFO Ned Segal -- who started at the company last August -- had a total compensation package worth $US14.3 million for 2017.
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Twitter executive chairman Omid Kordestani, the former Google chief business officer who joined the company in October 2015, was paid $US50,000 in base salary and $US2.04 million in stock in 2017.
