A decade ago, average S&P 500 CEO pay was US$11.7 million, and companies were not required to report the ratio of CEO pay to that of their median worker.

The firm has faced several unprecedented headwinds in recent years as Beijing imposed tighter restrictions on the domestic tech sector.

Yaccarino, the former advertising chief at NBCUniversal, is taking over Twitter at a time when the social media platform has been trying to reverse a plunge in ad revenue.

It marks a fall from grace for the entrepreneur who rode a cryptocurrency boom to create one of the world's largest cryptocurrency exchanges and a net worth that Forbes pegged a year ago at about RM117.3 billion.

He replaces Tunku Alizakri Alias who had held the position since August 2018.