Twitter Board Review Elects to Keep Jack Dorsey as CEO

The recommendation endorses Dorsey’s unorthodox management style.

By
Tech 
7,965 Hypes 10 Comments

An Twitter board committee review of the social media company’s management has elected to keep Jack Dorsey on board as its CEO, Bloomberg reports. Dorsey is simultaneously the CEO of Square, Inc., the payment company he co-founded, and the outcome of the review is viewed as a show of support for his leadership techniques.

Often straying from the management styles of his peers (like Facebook‘s Mark Zuckerberg), Dorsey has embraced social justice, pushed for the flagging of fake news on Twitter and encouraged employees to work remotely even before the COVID-19 pandemic began.

Despite the company’s see-sawing stocks, activist investor Elliott Management Corp. and private equity consultancy Silver Lake have elected to stand by Dorsey following the culmination of their review. Both companies invested in Twitter earlier this year and were part of the committee that began reviewing the social media imprint’s management shortly afterwards.

“The committee expressed its confidence in management and recommended that the current structure remain in place,” reads a company filing submitted after the review. “The board will continue to evaluate company and management performance according to a range of factors, including the company’s operating plan and established milestones.”

Share prices for Twitter gently rose in response.

Dorsey is among the tech CEOs who were subpoenaed to reappear before America’s Senate.

Read Full Article

What to Read Next

Nike Sportswear Readies Its Annual Air Force 1 Low "Flax" Release
Footwear

Nike Sportswear Readies Its Annual Air Force 1 Low "Flax" Release

The Swoosh’s sturdy seasonal staple is back once again.

Dan Life Links up With Hebru Brantley for Limited Crystal Pendants
Arts

Dan Life Links up With Hebru Brantley for Limited Crystal Pendants

Featuring Brantley’s ‘Flyboy’ and ‘Lil Mama’ characters.

NAKED Teams with adidas Originals for Metallic-Accented Response CL "Mercury"
Footwear

NAKED Teams with adidas Originals for Metallic-Accented Response CL "Mercury"

The metallic accents are a first for the Response CL, a heritage silhouette that draws inspiration from ’00s adidas Running silhouettes.


The North Face References ’80s Ski Culture in This Retro Capsule
Fashion

The North Face References ’80s Ski Culture in This Retro Capsule

The Snow Rogue collection riffs on the palette and silhouettes of the era.

Nike Air Penny 3 "Eggplant" To Return
Footwear

Nike Air Penny 3 "Eggplant" To Return

A decade after its 2010 debut.

Supreme Spotlights Toshio Saeki's Japanese Erotica in Latest Collaboration
Fashion

Supreme Spotlights Toshio Saeki's Japanese Erotica in Latest Collaboration

The late artist adds colorful patchworked images to work jackets, hooded sweatshirts, and work pants.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.