Thursday 3 October 2013

Twitter IPO: Who Gets Rich?
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Twitter's S-1 filing offered the first look at how company execs are compensated. The big winner is Ev Williams, who owns 12% of Twitter. The biggest loser is Biz Stone, a company co-founder whose name does not appear anywhere in the company's S-1.
Second on the compensation scale is Peter Fenton, who owns 6.7% of the company. Another co-founder, Jack Dorsey, who owns 4.9% of the company. Rounding out the list is CEO Dick Costolo, who owns 1.6% of Twitter.
Costolo also draws an annual salary of $200,000 (which was amended to $14,000 in August 2013) but will get an additional $8.4 million in stock awards and $2.9 million in options for total of $11.5 million last year.
Adam Bain, Twitter's chief revenue officer, meanwhile, also got $200,000 in salary plus stock and options worth $6.7 million last year, according to the filing. Christopher Fry, Twitter's SVP of engineering, got $145,513 in salary plus a $100,000 bonus and stock awards worth $10 million.





2008: The Power of a One-Word Tweet

One of the earliest examples of Twitter's ability to make change came when one young U.S. student secured his release after a wrongful arrest.
On April 10, 2008, James Buck, a University of California, Berkeley grad student was photographing an anti-government protest in Mahalla, Egypt, when he was seized by the authorities.
He managed to send a quick tweet -- "Arrested" -- which prompted his followers back home in the U.S. to contact not just the University and the American Embassy, but also media organizations, that were able to put pressure on the Egyptian authorities.
The digital communique worked. On April 11, Buck sent another one-word tweet. It simply read: "Free."

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