Twitter CEO forgoes compensation; long-time house member to leave

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Twitter Inc’s arch executive, Jack Dorsey, continued to abstain approach remuneration and Peter Fenton, a house member given 2009, will leave after a company’s annual accommodate in May, a regulatory filing showed on Friday.

Fenton, who is a partner during try collateral organisation Benchmark Capital, will not find re-election after his tenure expires, a microblogging site pronounced in a filing.

CEO Jack Dorsey’s 2016 sum compensation, that released salary, reward and batch and choice awards, was $56,551 in 2016, compared with $68,506 in 2015, according to a filing.

Anthony Noto, who took over as arch handling officer from Adam Bain in November, perceived sum remuneration of $23.8 million in 2016, compared with $401,281 in 2015.

Noto is also a company’s arch financial officer.

Twitter has been struggling to lapse to profitability and in a fourth entertain posted a slowest income expansion given it went open 4 years ago.

(Reporting by Laharee Chatterjee)

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