Don’t feel sorry for Twitter CEO Jack Dorsey who received a salary of $1.40 for 2018. His bitcoin stash likely keeps him warm at night.


Jack Dorsey Gets Paid $1.40 as Twitter CEO

According to the Washington Post, an SEC filing published on Monday (April 8, 2019) shows that Twitter paid Dorsey an annual salary of $1.40 in 2018. The sum is most likely a nod to the platform’s previous 140-character limit for posts.

Dorsey’s other company – Square, reportedly paid him a $2.75 salary for 2017. This figure is also symbolic as 2.75 percent is the company’s processing fee on swiped transactions.

It’s a common trend for tech billionaires to pass up on their annual salary since they have massive equity stakes in their companies. Thus, they accept only a tiny salary while collecting huge compensations tied to the performance of their companies.

While base annual salaries are a token for people like Dorsey, the Twitter CEO’s Bitcoin stake makes the need for them even more inconsequential. As previously reported by Bitcoinist,…

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Source: https://thebitcoinnews.com/jack-dorseys-1-40-ceo-salary-is-irrelevant-when-he-buys-bitcoin-every-week/