At least one former Goldman Sachs banker who left Wall Street for a nine-year-old tech company doesn’t need to stress about a salary drop. Twitter’s chief financial officer Anthony Noto earned $73 million in 2014. That salary positions Noto, who joined Twitter in July 2014, as the top earner at the social media company. The numbers, first reported by the Wall Street Journal, come from Twitter’s annual proxy statement filed on Monday.
Noto’s compensation was listed as $72.8 million, with 1.5 million stock awards valued at $63.1 million and options of $9.5 million. His base salary is set at $250,000. In July 2014, Noto replaced Mike Gupta, who moved to the role of senior vice president of strategic investments.
While at Goldman, Noto lead Twitter’s IPO in November 2013 and also had helped Goldman secure Yelp’s IPO. Previously, Noto served as chief financial officer for the NFL. He moved to hedge-fund Coatue Management LLC for two months before joining Twitter.
According to the 2014 filings, Noto’s predecessor had the highest pay. This year Gupta made $24.6 million mostly in stock rewards. Twitter CEO Dick Costolo received $13,892 in salary, a pay cut he requested for 2014 after previously earning $200,000 annually. Costolo owns more than eight million shares in Twitter’s stock, which are worth about $413 million. Twitter’s third-highest earner is engineering chief Alex Roetter, who received $19.1 million.
Twitter will release its earnings on April 28. For the 2014 filing, the company disappointed investors with a significant drop in user growth and engagement. Over the last year, Twitter has added new features, such as more video options and made attractive acquisitions such as live video-streaming app Periscope.