Wuerth While Wily Wakenings: Twitter Inc's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 797% Per Year During the Past Six Years (2013-2018)

Thursday, July 11, 2019

Twitter Inc's Top-Tier Executives Average Pay Raise Was a Completely Off-the-Charts 797% Per Year During the Past Six Years (2013-2018)

From Company Proxy Statement filings with the SEC, below are Twitter Inc's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent six years. Twitter had only six years of Proxy Statements filed with the SEC since its IPO was in 2013.

Twitter's Top-Tier Executives Long-Term Average Annual Pay Raise of a completely Off-the-Charts 797% per year over the past 6 years is the highest of the Technology Companies I've researched so far, even higher than Amazon's 639% per year, than Apple's 306%, than Alphabet's 240%, and Microsoft's 32.4%.

To fix Income Inequality driven mainly by Company and its Board of Director choices on Percentage Annual Pay Raises, the US Government should step in and pass wisely-designed Fair Pay Raise Income Inequality Narrowing Company tax incentives ..... the carrot ..... and Company wise tax disincentives ..... the stick.

And the continuing annual net tax revenues raised by the US Government here should be set up in a separate fund to be used only for wise additional income inequality narrowing initiatives. This fund should be run by an outside group made up entirely of minorities harmed the most by Income Inequality Expansion of the past decades .....all women, all blacks, all Latinos, all other non-white people, all past and present union members, all LGBTQ, all non-employee contract workers and all middle and lower income people of all ages.

Also, the US Government should require all US Corporate Boards to include at least one worker representative and to exclude any Company Executive.

I just recently have researched and made posts on Top-Tier Executives Long-Term Average Annual Pay Raise per year for each of the 30 Dow Industrial Companies. Twitter here is the sixth large non-Dow Technology Company I have made a post on and later I will be making similar posts on many more large non-Dow Companies, both Technology and Non-Technology ones, in order to get an even better handle on just why the US has such massive continuing Income Inequality Expansion ..... it appears to be predominantly about the relative long-term annual pay raise percentages, coupled with the stock price appreciation subsequent to the time the Top-Tier Executives were rewarded in their pay with stock equity compensation.

FYE

Dec

Twitter Inc

2018

2017

2016

2015

2014

2013

Top-Tier

Total

Executive

Comp

$ 000s

Jack Dorsey CEO

Ned Segal CFO

N/A

Vijaya Gadde Chief Legal Officer

11,800

908

9,848

372

7,855

15,132

Matthew Derella Customers Lead

N/A

Michael Montana Engineering Lead

N/A

Omid Kordestani Executive Chairman

2,083

1,850

N/A

Anthony Noto Former COO and CFO

1,267

23,776

401

N/A

Adam Bain

N/A

Adam Messinger

N/A

Richard Costolo Former CEO

N/A

175

130

Alex Roetter Former SVP Engineering

8,987

19,064

Kevin Weil Former SVP Product

9,057

13,004

Michael Gupta Former CFO

263

24,640

Totals

11,800

908

4,258

35,531

33,681

842

18,416

39,923

8,293

39,902

Annual % Change vs Prior Year

1199.5%

-88.0%

3900.1%

-53.9%

-79.2%

FYE

Dec