Twitter paid CEO Jack Dorsey $1.40 in 2018 — likely a reference to its old 140-character limit via CNBCMakeIt
div > div.group > p:first-child"> The billionaire was paid a modest sum of $1.40 in 2018, the firm said in a regulatory filing Monday, likely a reference to Twitter's old character limit.
Twitter's reasoning behind Dorsey's small pay? It's"a testament to his commitment to and belief in Twitter's long-term value creation potential." Dorsey isn't the only tech executive who takes in a tiny salary. Other founders, including Facebook's Mark Zuckerberg and Alphabet's Larry Page, earn only $1 a year in salary, opting instead for compensation tied to company performance.
Despite the paltry pay packet, Dorsey netted $80 million in 2018 after selling 1.7 million shares of his payments company Square, according to Forbes, and is worth $4.7 billion. The microblogging site ditched its 140-character limit in 2017, bumping the restriction up to 280 characters per tweet. Dorsey has said in the past that the previous number was viewed as"sacred" internally.
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