Peter Kafka

Recent Posts by Peter Kafka

Here’s How Much Twitter’s Top Dogs Are Worth This Morning

Some people might be into gawking at other people’s money.

But not you, right?

You’ve got more dignity than that, and you’re smart enough to know that having lots of money doesn’t make you any happier.

So you have no interest in checking out how much paper wealth some of Twitter’s top executives and founders made yesterday, when the company priced its shares at $26 each.






Okay. Still here?

Just between us, then: Here, via Twitter’s most recent proxy filing, are the share totals for some of the company’s most prominent employees and officials, and what those are worth at $26 a share.*

Twitter co-founder Evan Williams: 56,909,847 shares, $1.48 billion
Twitter co-founder Jack Dorsey: 23,453,017 shares, $610 million
Twitter CEO Dick Costolo: 7,675,239 shares, $200 million
Twitter sales chief Adam Bain: 1,785,818 shares, $46.4 million
Twitter board member Peter Currie: 300,000 shares, $7.8 million
Twitter board member David Rosenblatt: 291,666 shares, $7.6 million
Twitter board member Peter Fenton: 1,688 shares, $44,000

And, if you’re inclined to think this way, you might want to remember that the value of these shares are almost certain to increase when TWTR starts trading today, around 10:30 am ET.

It’s also possible that the shares could decrease in value, Facebook-style. But the Twitter team has been working very hard to not follow in Facebook’s IPO footsteps. TWTR could end up drooping, but it likely won’t be happening today.

* Bear in mind that, in many cases, these share totals include stock options that can be exercised soon; in those cases, the total value of the holdings would be smaller, since they’d have to spend money on the options. On the other hand, many of these guys are going to get more options, and in some cases, stock grants, down the line. So it might even out. Also, you probably don’t care.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald