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Dan Primack Feb 6, 2017
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Why Snapchat's only female board member makes so little

Photo illustration by Greg Ruben / Axios

Joanna Coles is the only woman on Snap's board of directors. She also earns less compensation than her male colleagues, as first noted by Fortune's Valentina Zarya.

The knee-jerk reaction has been to assume this is just another example of tech industry sexism ― again, just a single female director ― but Axios has learned that it's a bit more complicated.