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Disney cuts CEO pay, adds Twitter co-founder to board

24
Dec
2013

Walt Disney Co has slashed Chief Executive Bob Igers fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director. Dorsey, widely credited with creating Twitter alongside fellow co-founders like Ev Williams, Biz Stone and Noah Glass, will stand for election at Disneys March 18 annual meeting, Disney said in a statement on Monday. In November, Twitters initial public offering valued Dorseys roughly 4.9 percent stake in the messaging service at about $1 billion.

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