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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Opposition will question govt at all-party meet about Trump's claims on brokering ceasefire: Kharge
Kalaburagi (PTI): Congress President Mallikarjun Kharge on Tuesday said that the opposition will question the government at the all-party meeting, regarding US President Donald Trump's claims that his administration helped broker a "ceasefire" between India and Pakistan.
The Leader of Opposition in Rajya Sabha said he will urge the government to call an all-party meeting soon, to discuss the latest developments in border tension between India and Pakistan, including "ceasefire".
Speaking to reporters here, he said, "Trump is saying things to claim credit. These people (PM and central government) are saying no. It is a sensitive matter. When an all-party meeting is called, we will discuss — what’s the matter, what happened and what were the telephone talks— and ask all these things”.
In response to a question whether PM Modi gave in to Trump's mediation, he said "It won’t be right for me to speak about it now. We have our party meeting today. I’m going for that. I will ask (centre) to call an all-party meeting, let’s see what they will do."
India and Pakistan reached an understanding on Saturday to end the military conflict after four days of intense cross-border drone and missile strikes.
Indian government sources have been maintaining that the Director Generals of Military Operations (DGMOs) of India and Pakistan reached an understanding to stop all firings and military actions, and no third party was involved.
There was no reference to trade in talks between top leaders of India and the US during the India-Pakistan military conflict, government sources said on Monday after American President Donald Trump claimed that he pressured New Delhi and Islamabad to stop hostilities by threatening to cut trade with both countries.
The source-based clarification came after Trump on Monday said he forced the two countries to stop the hostilities by using the trade card.
Kharge and his party have already demanded that the central government convene a special session of Parliament to discuss the Pahalgam terror attack, Operation Sindoor, and the latest developments in cross-border firing, including the recently announced "ceasefire".
