Twitter Inc., which has a new CEO and new largest shareholder in Elon Musk, saw its legal chief Vijaya Gadde receive a roughly 130% pay raise in 2021.
Gadde’s total compensation was more than $16.9 million last year, the San Francisco-based company disclosed in a preliminary annual proxy statement filed April 1. That’s up from the roughly $7.3 million she earned in 2020.
The securities filing came before Musk, the high-profile head of Tesla Inc., on Monday became Twitter’s largest investor by taking a 9.2% stake in the company. That move—Musk has recently criticized Twitter’s platform, which he frequently uses for his public musings—sent the social media giant’s share price soaring.
Twitter’s stock price closed Monday at $49.97 per share.
Gadde’s pay surged primarily due…
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