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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Bengaluru: Woman dies after being hit by luxury car driven by 'drunk' youth
Bengaluru (PTI): A 30-year-old woman died after she was hit by a luxury car being driven by a youth, who was allegedly under the influence of alcohol, police said on Tuesday.
Dhanush (20) was arrested, they said, adding that he has been sent to judicial custody.
According to police, Sandhya A S was crossing the road near the Kengeri TTMC (Traffic and Transit Management Centre) on the busy Mysuru Road on Saturday when she was hit by the Mercedes Benz car which then crashed into a bike.
After the accident, the accused tried to flee from the spot but was caught by bystanders who allegedly thrashed him.
The injured woman and the biker identified as Syed Arbaz (23), were immediately rushed to a hospital where Sandhya was declared brought dead on arrival. Arbaz was treated for minor inuries, a senior traffic police official said.
"An alcometer test of the accused driver showed that he had 177 mg/100 ml of blood alcohol content, which was way higher than the legally permissible limit of 30 mg/100 ml," he said, citing preliminary inquiry.
Dhanush's father owns a private bus travels company.
"We have registered a case under sections 281 (rash driving or riding on a public road), 125 A (Act endangering life or personal safety of others) and 105 (culpable homicide not amounting to murder) of the Bharatiya Nyaya Sanhita against the accused car driver at Kengeri traffic police station and arrested him," a traffic official said.
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