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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Woman kills teenage daughter before taking own life in Bengaluru
Bengaluru (PTI): A 45-year-old woman allegedly smothered her 13-year-old daughter before taking her own life at their residence in the Whitefield area of the city on Tuesday, police said.
The deceased were identified as Suvarna, a homemaker and her daughter Tarunya, they said.
The incident occurred around 11 am. When police reached the spot, they found that the woman had allegedly smothered the girl and later died by suicide by hanging herself, a senior police officer said.
Suvarna’s husband, Chandrashekhar, who works as a compounder at a private hospital in the city, was at work when the incident occurred, the officer added.
Preliminary investigation suggests that the woman may have been suffering from psychiatric issues.
She reportedly used to worry about her daughter's future in the event of her own death.
Two cases have been registered in connection with the incident.
One was filed based on a complaint by Chandrashekhar alleging the killing of his daughter, while another was lodged by Suvarna’s brother, Manjunath, expressing suspicion about the deaths, police said, adding that further investigation is underway.
