Leaked Sony email shows Snapchat set aside 0.11% stock for ex-Apple executive to be advisor
Snapchat authorities said that they have a lot of advisors but refused to comment on Lynton's relationships with the company.
A leaked email from the Sony Pictures hack that was made easier to access by Wikileaks has showed that Snapchat set aside 0.11% 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%.