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Twitter Inc said it would pay new Executive Chairman Omid Kordestani an annual base salary of $50,000 and a one-time grant of options to buy 800,000 shares of the microblogging website operator.The company said it does not expect Kordestani to be appointed to any committee of the board. (1.usa.gov/1LxpYU6)Twitter poached Kordestani from Google Inc on Wednesday, the latest step in the company's turnaround efforts under Jack Dorsey, who last week was named permanent CEO.Kordestani's appointment was a move by Twitter to allay concerns about Dorsey's dual role as head of mobile payments company Square Inc.On Wednesday, Square filed for its long-expected initial public offering.Kordestani, 51, joined Google as its 11th employee in 1999 and stayed for 10 years. After a few years away, he returned full-time in October 2014 as chief business officer. At Google, Kordestani had an annual base salary of $237,500 and stock awards of about $123 million, according to the latest Google proxy filing. (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Don Sebastian)
Read more http://feeds.reuters.com/~r/reuters/technologyNews/~3/AWTCXuiTxBg/story01.htm
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