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Jack Dorsey didn't take any salary, but Twitter spent more than $68k to protect him

Apr 16, 2016, 04:58 IST

Jack Dorsey, CEO of Square and CEO of Twitter, speaks during an interview with CNBC following the IPO for SquareREUTERS/Lucas Jackson

Twitter CEO Jack Dorsey waved off any salary or stock awards last year when he returned to take the top spot at the company he founded.

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The only compensation the 39-year-old Dorsey received from Twitter last year: $68,506 for "residential security and protective detail," according to the company's annual proxy filing.

Dorsey owns 3.4% of Twitter, which is worth roughly $419 million at Friday's closing price of $17.58 per share. Dorsey announced in October that he was giving one third of his stock back to employees of the company.

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According to Friday's proxy filing, Twitter CFO Anthony Noto, who received a $72.7 million total compensation package when he was hired in 2014, got roughly $150,000 in relocation expenses in 2015. The former Wall Street banker relocated to the San Francisco Bay Area to work for Twitter.

Noto's base salary, which was $124,000 in 2014, got bumped up to $250,000 last year. Twitter's stock, by contrast, declined 35% in 2015.

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One other interesting nugget in the filing: Former CEO Dick Costolo and former head of product Kevin Weil received "personal car service" compensation $41,209 and $69,962 respectively. That's a lot of Uber rides.

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