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Fri, Apr 20, 2018 | Last Updated 2:06 pm IST

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Twitter CEO holds 65.5 Million Shares

Twitter CEO holds 65.5 Million Shares
Twitter CEO holds 65.5 Million Shares
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources Twitter CEO and co-founder Jack Dorsey in 2017 declined for the third straight year any salary. Meanwhile he did not take a single penny for running the micro-blogging platform. A proxy statement that Twitter filed with the US Security and Exchange Commission (SEC) said "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".



Accordingly Dorsey, however, has shares whose value went up 20 per cent since the beginning of 2018. As per a report "As of April 2, Dorsey owned 18 million shares of Twitter, currently worth $529 million. His holdings represent 2.39% of all outstanding shares".

Twitter CEO holds 65.5 Million Shares

Moreover according to the filing, Twitter CFO Ned Segal had a total compensation package worth $14.3 million for 2017. Presently Twitter has 330 million monthly active users globally and moreover the company is currently undergoing major overhauling steps under Dorsey to revive the company's fortune. Previously in 2016, Dorsey received personal and residential security costs totaling $68,506.

Twitter CEO holds 65.5 Million Shares

Twitter CEO holds 65.5 Million Shares
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