Twitter Will Let Jack Dorsey Keep His Job
Earlier this year, prominent activist investor Elliott Management accumulated a stake in Twitter (NYSE: TWTR) and, as activist investors do, started to agitate for some major changes in order to create shareholder value.
Elliott proposed ousting CEO Jack Dorsey over concerns that he may not be an effective leader since he also serves as CEO at Square, the mobile payment company that Dorsey also co-founded. At the time, Dorsey had been publicly contemplating moving to Africa temporarily, a controversial idea that further sparked investor concerns about his ability to lead both companies if he were located halfway across the world.
Image source: Twitter. Image copyright Atsushi Nakamichi for Twitter.
Source Fool.com
