Twitter CEO and co-founder Jack Dorsey has refused to accept any salary for the third year in a row. He refused to take a penny to run a micro-blogging platform. In the regulatory filing of the U.S. Security and Exchange Commission (SEC), Twitter said, “Jack Dorsey has refused to take any consideration in 2017 due to his commitment and trust with Twitter’s long-term value creation capability.
Even though Jack Dorsey has shares of the company, whose value has increased by 20 per cent from the beginning of 2018. According to a report published Thursday in Variety, “By April 2, Dorsi had 18 million shares in the company, whose present value is $ 529 million. According to filing, Twitter’s chief financial officer Ned Segal received a total of $ 14.3 million in 2017, according to filing.
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It is worth mentioning that in January of this year, Twitter CEO Jack Dorsey had said in a statement that the company, which has more than 300 million users, is currently experiencing slow growth of users and has been facing revenue loss for some time now. This was when Dorsey talked about when the Chief Operating Officer (COO) of micro blogging site Twitter, Anthony Noto, resigned from the company and gave a jolt to his expansion plan. Then, Dorsey also said, “It looks bad for separating from Noto, I am confident for the future of Twitter, I see the Twitter team getting extraordinary success in the future.”