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Leaked Sony email shows Snapchat set aside 0.11% stock for ex-Apple executive to be advisor

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ANI Washington
Last Updated : Apr 18 2015 | 1:02 PM IST

A leaked email from the Sony Pictures hack that was made easier to access by Wikileaks has showed that Snapchat set aside 0.11 percent of its stock for former Apple head of iOS Scott Forstall to be an advisor.

According to TechCrunch, Michael Lynton, Sony Pictures' CEO, is a Snapchat board member whose email which was hacked in the cyberattack on the company revealed the sensitive information.

Snapchat authorities said that they have a lot of advisors but refused to comment on Lynton's relationships with the company.

In February 2014, Snapchat granted stock options to a number of key employees. For example, former VP of engineering Peter Magnusson who was poached from Google but ended up leaving 6 months later, was slated to get 0.5% of Snapchat.

Several software engineers were granted 0.022%.

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First Published: Apr 18 2015 | 12:54 PM IST

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