Twitter's Jack Dorsey forgoes compensation; long-time board member to leave

CEO Jack Dorsey's 2016 total compensation was $56,551 in 2016, compared with $68,506 in 2015

Twitter’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday.

Fenton, who is a partner at venture capital firm Benchmark Capital, will not seek re-election after his term expires, the microblogging site said in the filing.

CEO Jack Dorsey’s 2016 total compensation, which excluded salary, bonus and stock and option awards, was $56,551 in 2016, compared with $68,506 in 2015, according to the filing.

Anthony Noto, who took over as chief operating officer from Adam Bain in November, received total