Twitter Inc. released its 2014 top executives’ compensation package where new CFO Anthony Noto was the biggest beneficiary. Read on for more on the compensation package.
On Tuesday, Twitter Inc. (TWTR, +0.80%) disclosed its executive-compensation package for the year 2014. One package that managed to attract the attention of shareholders and analysts is one that was given to Anthony Noto, the company’s new Chief Financial Officer, who was allocated a compensation of a whopping $72.8 million. Noto was awarded $63.1 million worth of stock awards and $9.5 million worth of options. His base salary is currently at $250,000.
Anthony Noto was hired in July 2014 as a replacement for Mike Gupta who had stepped down to move to a new role as a senior vice president of strategic investments.
After the fourth quarter earnings report release of 2014, investors were satisfied. Twitter reported subscriber growth and revenue which has already contributed to a 43% increase in its share price which has already covered the 44 percent decline in 2014. However, the compensation package details released on Tuesday is expected to raise questions with shareholders.
Interestingly, according to the 2014 filings, Gupta was the highest paid executive making $24.6 million mostly in stock rewards. Meanwhile, the CEO of the company, Dick Costolo received a salary of $13,892 after he had requested a pay cut in 2014. This came after Costolo was earning $200,000 annually. Added to this Costolo also owns more than 8 million shares in Twitter’s stock which are valued at over $410 million.
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