Twitter CEO takes zero salary in 2017
San Francisco, April 12: Twitter CEO and co-founder Jack Dorsey in 2017 declined for the third straight year any salary. He did not take a single penny for running the micro-blogging platform.
"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," said a proxy statement that Twitter filed with the US Security and Exchange Commission (SEC).
Dorsey, however, has shares whose value went up 20 per cent since the beginning of 2018.
"As of April 2, Dorsey owned 18 million shares of Twitter, currently worth $529 million. His holdings represent 2.39 per cent of all outstanding shares," said a report in Variety on Thursday.
According to the filing, Twitter CFO Ned Segal had a total compensation package worth $14.3 million for 2017.
Twitter has 330 million monthly active users globally. The company is currently undergoing major overhauling steps under Dorsey to revive the company's fortune.
In 2016, Dorsey received personal and residential security costs totalling $68,506.
Dorsey, also the CEO of payments company Square, owns 65.5 million shares in the company which currently is worth $3.1 billion.
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Mangaluru: Iqra Arabic School secures 100% results in SSLC examination
Mangaluru: Iqra Arabic School Mangalore recorded 100% results in the SSLC examination results announced on Thursday in Karnataka.
A total of 20 students appeared for the SSLC examination from the school of which, two students secured distinction while 13 students managed to secure first class result.
Hafiz Shadin Ahmed s/o Mohammed Shahid topped in the school with 87.36% while Hafiza Zainab Khalifa d/o Dawood Ahmed Khalifa bagged the second spot with 86.72% results.
Bibi Maryam d/o Aslam Bhalli and Safiya Zunab d/o GM Shareef secured the third and fourth spot with 81.60% and 81.28% respectively.
The management of the school and teachers congratulated the students on their success and performance in the SSLC exams.
