Twitter CEO Jack Dorsey: Why Twitter CEO Paid So Less Salary $1.40

 Twitter CEO: Why Twitter CEO Paid So Little Salary?

Twitter CEO Jack Dorsey: Why Twitter CEO Paid So Less Salary $1.40.You will be shocked to know that, Micro Blogging Site Twitter CEO Jack Dorsey has taken so little salary in 2018. This information can surprise you.  He had not received any salaries or facilities since becoming CEO again in 2015.

You will be shocked to know Jack Dorsi, CEO of the world's premier micro-blogging site Twitter has taken salaries of just $ 1.40 (about Rs 97) in this entire year. Not only this, he has taken a salary for the first time after becoming CEO in the year 2015, he did not take any salaries before this.

The company has told the US Securities and Exchange Commission (SEC) that Twitter CEO Jack Dorsey has received $ 1.40 (about Rs 97) in 2018. Dorsey is also a co-founder of Twitter. He was also the CEO for two years at the beginning of the company, but in 2008 he dropped the post. In the year 2015, he became the head of Twitter again. After this, in 2015, 2016 and 2017, he did not take any salaries or benefits. Apart from this, he gets a salary of $ 2.75 per year from the mobile payment company 'Square'. In December 2018, Dorsi sold 17 million shares of Square. According to Forbes, he had earned about $ 8 million. At present, his total net worth is about $ 4.7 billion, which includes 6.1 million shares of Square worth $ 3.9 billion. Dorsi also has a share of Twitter worth $ 60 million  They have not sold any shares, while the second co-founder of Twitter, Ivan Williams, has sold or donated nearly 50 percent of the shares held by him till date from April 2018.

Although Dorsi is not the only person who takes salaries around $ 1. Facebook CEO Mark Zuckerberg, Oracle's Larry Ellison, and Google's Larry Page and Sergey Brin also take a dollar salary a year. In the year 2012, Mark Zuckerberg paid $ 7.70 million annually as salary and bonuses, now he is the lowest paid Facebook employee.

Why CEO, Officer Take a Dollar Salary? 

Large officials of American companies have been practicing in a symbolic way, taking a salary around a dollar. In fact, they earn so much by their shares or in other ways that they want to give a good message to the employees of the company without taking salaries. Therefore, they symbolically take a dollar salary. Top executives of American companies had begun to take a dollar salary. By taking such a low salary, it indicates that the CEO will focus solely on increasing the value of the shares of the company because they earn only from these shares.