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.