The Daily Telegraph reports that Anthony Noto, the former US bank’s co-head of telecoms, media and technology, has been recruited as part of Twitter’s board reshuffle designed to soothe fears about slowing growth.
Noto will receive a basic salary of $250,000 and receive 1.5m restricted Twitter shares and an option to buy 500,000 more. At Tuesday’s price the stock grant is worth around $63.7m and the option is worth just over $21m.
Noto was the lead banker on Twitter’s November initial public offering in November 2013 on the New York Stock Exchange. A keen twitter user, Mr Noto tweeted “Phew” after the company began trading and successfully avoided the trading glitches that afflicted rival social media site Facebook’s IPO.
To access the complete Daily Telegraph article hit the link below: