Twitter CEO and co-founder Jack Dorsey again got paid nothing to run the social-networking company last year."As a testament to his commitment to and belief in Twitter’s long-term value creation potential, our CEO, Jack Dorsey, declined all compensation for 2017," the company said in a proxy statement filed Wednesday with the SEC. It's the third year in a row Dorsey is turning down pay from Twitter.But Dorsey still owns a bundle of equity in Twitter, whose stock has increased in...
Dorsey co-founded Twitter in 2006, but he was forced out as CEO of the social media platform just two years. But Dorsey’s entrepreneurial impulses were undeterred. In 2010, he founded Square, Inc., a company that makes an attachment to iOS and Android devices that processes credit cards, and he remains its CEO today.
But he stepped back into the CEO position in 2015, taking a page out of the playbook of Steve Jobs (who returned to Apple in 1997 after 10 years away). In his second round as CEO, the 40-year-old St. Louis native has continued to make bold moves at Twitter, from paying $10 million to live stream 10 NFL games on the platform to announcing it was shutting down its Vine app. He’s also had to walk a fine line between preserving free speech and policing abuse. In the wake of a swath of racist tweets targeting “Saturday Night Live” star Leslie Jones last July, Twitter banned several accounts, including one belonging to Breitbart columnist Milo Yiannopulous.
But, for better or worse, perhaps his biggest legacy is how the platform he helped create was used by Donald Trump (via @realDonaldTrump) to get the attention he needed to win the U.S. presidential race.