Jack Dorsey, CEO, Twitter has announced giving a third of his Twitter stock to the company’s employees. Barely three weeks after taking over as permanent CEO, Dorsey tweeted, “I’d rather have a smaller part of something big than a bigger part of something small.” Dorsey said the move was to “reinvest directly in our people” and the shares would go into the employee equity pool.
It’s barely been a week since the 38-year old Jack Dorsey took over as permanent CEO of Twitter and news about impending cost cutting measures have already begun to surface.
Former Twitter CEO Dick Costelo had had an interesting journey in the tech world. After graduating with a CS degree, he’d left for Chicago to make his mark in the comedy world.