According to a report from Bloomberg, the Twitter company review board has elected to keep Jack Dorsey as the Social Media giant’s CEO. Dorsey, who is also CEO of the payment company Square Inc. which he was co-founder. The decision was likely because of Dorsey’s rather adept leadership skills.
Dorsey is also known for his deviation from the management styles of his competitors such as Mark Zuckerberg. Dorsey was on the forefront of social justice causes, as one of the first social media CEOs to begin flagging “fake news” sites, in addition to promoting remote work for his employees prior to the COVID-19 lockdown.
Despite the fluctuating stock price Twitter investors Elliott Management Corporation and Silver Lake private equity consulting, have supported the decision to keep Dorsey on as CEO. In a company filing provided following the review, the review board said this: “The committee expressed its confidence in management and recommended that the current structure remain in place,” they wrote. “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.”
As a result of the decision, Twitter’s share prices increased.
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