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Elham AbolFateh
AR
Tuesday 22 August 2017

Science & Technology

Twitter CEO forgoes compensation

Saturday 08/April/2017 - 12:09 PM
Sada El Balad
Edited by Nehal Magdy
Twitter Inc's chief executive، Jack Dorsey، continued to forego direct compensation and Peter Fenton، a board member since 2009، will leave after the company's annual meet in May، a regulatory filing showed on Friday. Reuters reported.
Fenton، who is a partner at venture capital firm Benchmark Capital، will not seek re-election after his term expires، the microblogging site said in the filing.
CEO Jack Dorsey's 2016 total compensation، which excluded salary، bonus and STOCK AND OPTION awards، was $56،551 in 2016، compared with $68،506 in 2015، according to the filing.
Anthony Noto، who took over as chief operating officer from Adam Bain in November، received total compensation of $23.8 million in 2016، compared with $401،281 in 2015.
Twitter has been struggling to return to profitability and in the fourth quarter posted the slowest revenue growth since it went public four years ago.

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