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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Middle East-bound flights resume from Thiruvananthapuram
Thiruvananthapuram/Kochi (PTI): Flights to the Middle East resumed early Tuesday morning from Thiruvananthapuram International Airport, following the reopening of airspace in the region after a brief closure, according to airport sources.
Emirates, Etihad Airways, and Air Arabia were among the first to resume operations.
Flights bound for Dubai, Abu Dhabi, and Sharjah operated by the three carriers landed and departed in the early hours without disruption, airport sources said.
However, several scheduled services were cancelled earlier in the morning as the situation stabilised, they said.
Affected services included Air India Express flights to Muscat, Sharjah, Abu Dhabi, Dammam, and Dubai.
Qatar Airways' Doha-bound flight, Kuwait Airways' service to Kuwait, and IndiGo's flight to Sharjah were also cancelled, they said.
To manage the passenger backlog and assist those affected, airport authorities have set up additional seating arrangements and service counters at Terminal 2.
Extra staff have been deployed to support passenger handling and provide on-ground assistance, they added.
Several flights were delayed, cancelled or diverted at Cochin International Airport also late Monday night, after the closure of Qatar's airspace amid the rising tensions in the West Asia, authorities added.
As per the CIAL advisory issued at 3.00 am, the operation of at least 17 flights was affected due to the situation.
