This A++ list CEO is trying to walk a fine line right now.
He does not want to upset some of his biggest investors so he blocks people reporting anything bad those investors do while at the same time passing the blame of blocking on algorithms.
Twitter CEO Jack Dorsey Declines Compensation in 2017 for Third Straight Year
Twitter CEO and co-founder Jack Dorsey again got paid nothing to run the social-networking company last year.
“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,” the company said in a proxy statement filed Wednesday with the SEC. It’s the third year in a row Dorsey is turning down pay from Twitter.
But Dorsey still owns a bundle of equity in Twitter, whose stock has increased in value 20% since the beginning of 2018. As of April 2 Dorsey owned 18 million shares of Twitter, currently worth $529 million as of Wednesday’s closing price. His holdings represent 2.39% of all outstanding shares.
Dorsey also is the CEO of payments company Square, where his base annual salary was $2.75 for the year ended 2016. He owned 65.5 million shares of Square, according to the company’s 2017 proxy statement, which currently would be worth $3.1 billion. – Source
Read more on these Tags: Jack Dorsey