Jack Dorsey's starting salary as Twitter's interim CEO is $0

Jack Dorsey’s take over as interim Twitter CEO is, for now, a pro bono gig.

According to Dorsey’s material contract, filed with the SEC, his lack of a salary is of his own doing.

“At your request, you have agreed to forego any compensation for your role as Interim Chief Executive Officer until the Compensation Committee agree upon a compensation package for you at the same time that it conducts its annual assessment and setting of executive compensation later in the year. Until a compensation package is finalised, you will be entitled to no cash or equity compensation for your services as Interim Chief Execuitve Officer,” the contract stated.

Don’t worry too much about his finances though. Since Dorsey is remaining CEO of Square as well, he’s likely receiving another paycheck in the mean time.

NOW WATCH: KRUGMAN: It’s Not Just About Hard Work — Dumb Rich Kids Get All The Breaks

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.