Twitter is reportedly likely to pay its outside directors in millions, the company revealed in its tweaked securities filing.
According to AllThingsD, the company is expected to pay up to 16 million dollars in cash and stock in the year a director joins the board and up to 8 million dollars a year in cash and stock for every year after that.
By comparison, rival Facebook paid five of its six outside directors 50,000 dollars last year, while the sixth director Erskine Bowles, received 70,000 dollars.
Twitter's other non-employee directors are Peter Fenton, who owns a 6.7 percent stake in the company, and co-founders Jack Dorsey and Evan Williams own two millions shares and 12 percent stake in the company respectively.
