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Twitter paid CEO Jack Dorsey $ 1.40 in 2018

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Two-Buck Jack? Almost.

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Twitter CEO Jack Dorsey took home a great deal of $ 1.40 in salary last year, but maybe he can expect a hefty increase this year.

It was the first time Dorsey has drawn a salary from Twitter since he came back to the helm of the microblogging site in 2015, the company revealed Monday in a filing with the US Securities and Exchange Commission. Dorsey declined all compensation and distributes the previous three years "as evidence of his commitment to and belief in Twitter's long-term value creation potential," Twitter said.

A bad sum maybe, but not unknown. Minimal executive paychecks have become quite common in Silicon Valley over the past decade or so; Former executives who choose the symbolic salary include Apple's Steve Jobs; Google's Eric Schmidt, Sergey Brin and Larry Page; Yahoo's Carol Bartz and Terry Semel; Cisco Systems John Chambers; and Oracle's Larry Ellison, among others.

But maybe Dorsey will soon be upgrading to a new level, say doubling his salary to $ 2.80? It is quite possible that Dorsey and his board agreed on the amount at the end of 2017, when the company was ready for transition from 140 character-truncated tweets to the current 280-character limit.

Twitter did not immediately respond to a request for comment, but this time next year Dorsey can use his salary to buy a gallon of gas, provided the price does not go up – and he is trading somewhere other than a Bay Area filling station .

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