Twitter CEO Jack Dorsey steps down
Twitter CEO Jack Dorsey steps down
- Nov 30, 2021
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Dorsey has also earned a reputation as a chaotic and distant manager who vexed Wall Street and sometimes befuddled his own employees. Well ahead of the pandemic, he had sent a late-night email that everyone could work from home forever, without alerting the company's head of human resources. He also floated plans to move to Africa during the pandemic.
He has been facing pressure to depart over the past year as investors who pushed for his ouster argued he was overcommitted because he is also CEO of payments company Square. Soon after Dorsey's resignation was reported on Monday, Twitter’s stock price soared before ending the day down slightly. Dorsey will be replaced by chief technology officer Parag Agrawal.
Source: The Washington Post
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