Thursday, November 28, 2013

Just How Much Do Twitter's Top Executives Make?



Twitter's highest-paid starting salaries


This probably won't come as a surprise for those who work at Twitter, but for the rest of us who always wondered how much those top executives at the company make from of our tweets about eating breakfast, CNN is here to tell you. On top of the dollar pile is Chief Executive Officer Dick Costolo, making $200k annually and once stock and option awards are added, it bumps up to $11.3M. Next up is Senior Vice President of Engineering Christopher Fry, who makes $10.1M once everything is added up. The President of Global Revenue comes in third at $6.5M, the Director of Sales Operations makes between $192k and $209k, and the Staff Engineer comes in fifth with $186k. For the complete Top Ten


Twitter CEO Dick Costolo's base salary for 2012 was $200,000, according to the company's S-1. But factoring in stock and option awards, he made $11.5 million for the year.
In all, Twitter CEO Dick Costolo made almost $11.5 million last year.
FORTUNE -- Twitter's (TWTR) IPO may have been low-key, but some of its 2,300 employees have little reason to complain otherwise.
That's because Twitter salaries likely leave few wanting, according to the company's recently-filedS-1 document, anonymous voluntary employee disclosures to the jobs site Glassdoor.com, and insight from someone with intimate familiarity with the company's salaries. Indeed, while CEO Dick Costolo's annual salary for 2012 was $200,000, he actually made $11.5 million for the year factoring in stock and option awards. And more "rank and file" employees aren't too far behind, at least where base salaries are concerned. (To wit, staff engineers can reportedly command somewhere between $174,000 and $186,000 a year.) Hardly shabby for a company that, just seven years ago, remained a figment of its co-founders' wildly intrepid imaginations.
Here's a look at some of the top-paid Twitter job positions in descending order. Stock and option awards are the value they would have been at the time of hire, though obviously, the engineer hired in 2007 with a $32,000 award is now sitting on millions of dollars more than their 2013 counterpart.
1.) Chief Executive Officer (Dick Costolo)*
Annual base salary: $200,000
Additional stock and option awards: $11.3 million
2.) Senior Vice President of Engineering (Christopher Fry)*
Annual base salary: $145,313
Additional stock and option awards: $10.1 million
3.) President of Global Revenue (Adam Bain)*
Annual base salary: $200,000
Additional stock and option awards: : $6.5 million
4.) Director Sales Operations**
Annual salary: $192,000 - $209,000
Additional awards: $192,000 - $209,000 worth of stock and options at a strike price determined at time of hire
5.) Staff Engineer**
Annual salary: $174,000 - $186,000
Additional awards: : $52,200 - $93,000 worth of stock and options at a strike price determined at time of hire
6.) Senior Managing Site Reliability Engineering**
Annual salary: $168,000 - $182,000
Additional awards: : $168,000 - $182,000 worth of stock and options at a strike price determined at time of hire
7.) Business Development**
Annual salary: $158,000 - $170,000
Additional awards: : $47,400 - $85,000 worth of stock and options at a strike price determined at time of hire
8.) Software Engineer Manager**
Annual salary: $159,000 - $172,000
Additional awards: : $47,700 - $86,000 worth of stock and options at a strike price determined at time of hire
9.) Product Marketing Manager**
Annual salary: $155,000 - $168,000
Additional awards: : $46,500 - $84,000 worth of stock and options at a strike price determined at time of hire
10.) Staff Software Engineer**
Annual salary: $120,000 - $150,000
Additional awards: : $36,000 - $75,000 worth of stock and options at a strike price determined at time of hire
*Information disclosed in Twitter's S-1 filing. 
**Annual base salaries via Glassdoor.com, except Staff Software Engineer. Additional stock and option awards calculation based on an equation provided from someone with intimate familiarity with the company's salaries. That same source also provided salary information on Staff Software Engineer salary range. Calculations apply to previous Twitter hires.

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