Jack Dorsey earns next to nothing for his main day job.
The Twitter CEO took home just $1.40 as his salary in 2018 to run the social network, according to a company filing published late on Monday. He declined all other compensation and benefits for the year.
The paltry salary is in keeping with previous years, when Dorsey declined to take any payment at all. The $1.40 figure may be symbolic too, given Twitter’s origins as a service for posting updates of 140 characters, now extended to 280 characters.
According to the filing: “CEO Compensation of $1.40. As a testament to his commitment to and belief in Twitter’s long-term value creation potential, our CEO, Jack Dorsey, declined all compensation and benefits for 2015, 2016 and 2017, and in 2018 he declined all compensation and benefits other than a salary of $1.40.”
This doesn’t mean Jack Dorsey is poor, however.
He holds more than 16 million Twitter shares, according to a 2017 filing, worth $557 million at the current share price. He also earns money from his second day job as CEO