Sergey Brin

Snap Inc.'s founders spend big on outside talent, but aren't keen to share voting rights

Snap Inc.'s founders spend big on outside talent, but aren't keen to share voting rights

In late 2014, the company then known as Snapchat hired a star banker away from Credit Suisse to be its chief strategy officer. Imran Khan had deep connections in the technology industry, links that helped Snapchat score a $200-million investment from Chinese Internet giant Alibaba months after he was hired.

Luring and retaining executive talent like Khan does not come cheap for the Venice social media company, whose two young founders, Evan Spiegel and Bobby Murphy, are big on paying their executives handsomely but reluctant to share voting rights.

Khan’s compensation last year, including salary and bonus, amounted to $5.5 million, according to Snap Inc.’s...

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