Tesla billionaire Elon Musk has pledged to slash costs at Twitter—starting with executive and board salaries, though Forbes found they don’t seem unusually high compared to rival social media and tech companies.
Twitter’s board: Made an average of nearly $290,000 in director compensation for 2021, filings show.
Snap, Alphabet, Meta boards: Snap’s directors made an average of around $330,000 in compensation last year, according to company filings; Alphabet’s board of directors largely made between $400,000 and $500,000; and board members at Meta (formerly Facebook) made an average of nearly $800,000 in total compensation.
Twitter CEO: Parag Agrawal made around $30 million last year.
Snap, Alphabet, Meta CEOs: Snap CEO Evan Spiegel made roughly $3.3 million in total compensation for 2021, according to filings; Google-parent company Alphabet’s CEO, Sundar Pichai, made roughly $6.3 million; Meta Platforms CEO Mark Zuckerberg raked in nearly $27 million in total compensation last year (as founders, Spiegel and Zuckerberg both own billions in company stock, as well).
Other Twitter execs: The rest of Twitter’s executives, including its chief financial and legal officers, made between $16 million and $19 million in total compensation last year.
Other Snap, Alphabet, Meta execs: Snap’s other executives made up to $10 million when counting stock awards; Alphabet’s other executives raked in up to $28 million; Meta COO Sheryl Sandberg made roughly $22 million in stock awards alone ($35 million total), filings show, while other executives made between $24 million and $29 million.
Total stock-based compensation: Twitter’s total stock-based compensation in 2021 was $630 million, a 33% increase from the year before, filings showcompared with Meta’s $9.16 billion, Alphabet’s $10.89 billion and Snap’s $1.09 billion.
Credit: www.forbes.com /