This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Twitter Inc CFO Mike Gupta's Move From Zynga Inc Paid Off Well

Mike Gupta is hailed as the architect of Twitter's initial public offering

Twitter Inc (TWTR - Get Report)’s chief financial officer Mike Gupta’s move from Zynga Inc (ZNGA - Get Report) has paid off very well. According to the microblogging company’s proxy statement filed with the SEC, Gupta earned $24.6 million in 2013. Of that, $241,667 was in the form of salary, and the rest in stock awards. He worked as treasurer of Zynga before moving to Twitter in December 2012.

Twitter CEO’s annual salary cut to $14,000

On the other hand, Twitter Inc (TWTR - Get Report) CEO Dick Costolo brought in just $130,250 in 2013. He didn’t receive any new stock awards, and his annual salary was slashed to $14,000 effective August 2013, Twitter said in the proxy statement. Costolo still owns 8.2 million shares or a 1.4% stake in the San Francisco-based company. Moreover, he had earned a whopping $11.5 million in 2012, mostly in the form of stock and option grants.

Twitter Inc (TWTR - Get Report) general counsel Vijaya Gadde took home more than $15.1 million, which came mostly through stock awards. But 2013 definitely belonged to Mike Gupta. At the end of 2013, he also had unvested Twitter shares valued at over $85 million. The company went public in November 2013, and Gupta is hailed as the architect of Twitter’s public offering.

Twitter raises Gupta’s base salary

The Wall Street Journal says that Twitter Inc (TWTR - Get Report)’s IPO was handled by a man who has a knack for finding calm amid chaos. Mike Gupta had to find a balance with investors and analysts, offering ambitious projections without setting targets that might have been difficult to achieve. Also, he had to avoid the missteps that haunted Facebook Inc (FB)’s botched IPO.

Before joining Zynga Inc (ZNGA - Get Report), Mike Gupta worked at Yahoo! Inc (YHOO) between 2003 and 2011. Twitter Inc said it has now raised his base salary to $250,000. Though shares of the microblogging company have fallen about 26% over the past three months, the stock is still up almost two-thirds from its $26 offering price.

Twitter Inc (TWTR - Get Report) shares plunged 1.91% to $41.68 at 12:20 PM EDT on Thursday.

The post Twitter Inc CFO Mike Gupta’s Move From Zynga Inc Paid Off Well appeared first on ValueWalk.

-By Vikas Shukla

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ZNGA $2.48 0.40%
TWTR $30.97 -1.60%
AAPL $121.55 -0.67%
FB $94.01 -1.26%
GOOG $626.43 -0.97%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs