Jack Dorsey's starting salary as Twitter's interim CEO is $0
AP
According to Dorsey's material contract, filed with the SEC, his lack of a salary is of his own doing.
"At your request, you have agreed to forego any compensation for your role as Interim Chief Executive Officer until the Compensation Committee agree upon a compensation package for you at the same time that it conducts its annual assessment and setting of executive compensation later in the year. Until a compensation package is finalized, you will be entitled to no cash or equity compensation for your services as Interim Chief Execuitve Officer," the contract stated.
Don't worry too much about his finances though. Since Dorsey is remaining CEO of Square as well, he's likely receiving another paycheck in the mean time.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status