Jack Dorsey, who co-founded Twitter Inc, took aim at the social media company in a series of tweets, following Elon Musk’s $43 billion takeover offer.
Dorsey, who incidentally is on Twitter’s board, said Twitter’s board has “consistently been the dysfunction of the company.”
In response to a tweet asking him why he did not “do anything about it” when he was its CEO, Dorsey expressed frustration at his limited ability to speak freely.
“So much to say … but nothing that can be said,” tweeted Dorsey.
Dorsey’s tweets come in the wake of an upheaval in the micro-blogging social media company after Musk disclosed his 9.2% stake. Twitter has also adopted a “poison pill” to limit Musk’s ability to raise his stake in the company.
“I really wish I could break through all the abstraction here and answer you but alas and woe,” tweeted Dorsey to a thread urging him to share his thoughts.
Musk has been vocal in his criticism of Twitter’s strategies and its board saying the salary of Twitter’s board members would be $0 if his bid succeeds; this would save the company $3 million every year.
Dorsey continues to be on Twitter’s board; his term is due to expire in May at the company’s upcoming annual general meeting.
Categories: Creativity, Entrepreneurship, HR & Organization, Strategy
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