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Twitter’s new CFO is getting $15 million in stock

Twitter’s new CFO is getting $15 million in stock

Twitter has introduced that it’s employed a brand new CFO. Ned Segal is joining The Company from Intuit, the place he used to be senior vp of finance.

He additionally has investment banking experience, having spent 16 years at Goldman Sachs. This Might come in useful if Twitter decides to promote themselves. (Just pronouncing!)

Anthony Noto, who joined Twitter as CFO in 2014 (additionally from Goldman), was once promoted to COO ultimate November after Adam Bain’s departure. He has been managing both roles in the intervening time.

The CFO position is very important for Twitter, because the social media company tries to persuade traders that it has rising price. Even Supposing shares are up about 30 % up to now three months, at $18.64 they’re only a fraction of the $69 excessive The Corporate noticed in early 2014. The Corporate’s market cap is currently lower than $14 billion.

Twitter is betting big that Segal is the man for the job. In Keeping With a submitting, his annual cash will be $500,000 and he’ll obtain a $300,000 signing bonus if he is of the same opinion to stay for a minimum of a year. Oh, and he’s getting about 794,000 shares, that are at this time price as regards to $15 million. He also could get 372,000 more if Twitter reaches unspecified efficiency targets.

Twitter, which is also concerned with user increase, is Not but successful. 

Segal, who had previously tweeted Simply 19 occasions, shared the information on the social media platform.

Featured Image: Bryce Durbin/TechCrunch

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