Twitter CEO and Chief Bitcoin (BTC) Bull Jack Dorsey Twitter will play its role in the company, according to a recent decision by the board committee.
As Bloomberg Report Nov. On March 2, the committee officially reviewed Twitter’s leadership as part of a March 2020 agreement with activist investor Elliott Management and private equity firm Silver Lake. Both companies Getting seats on Twitter’s board Director by investments earlier this year.
2 Nov. Citing a company filing on Monday, Bloomberg reported that an independent board panel concluded that the current management structure was adequate. The filing report reads:
“The committee expressed its confidence in the management and recommended that the current constitution be kept in place. […] The board will continue to evaluate the company and management performance according to a number of factors, including the company’s management plan and established goals. ”
In addition to maintaining its role, the committee also proposed a plan to reduce Twitter’s director’s terms from three to one. The report notes that the move will make it easier for investors such as Elliott to replace board members in an effort to acquire pay members.
Dorsey has been serving as Twitter CEO ever since Established Social media platform in 2006. Back in February 2020, Paul Singer – founder of Elliott Management – Forced Dorsey to remove As CEO of Twitter, Dorsey expressed concern about his time being split between Twitter and payment platform Square.
The referendum on his own leadership turned outward, Twitter recently jPapple and Ripple joined the fray Encourage free and fair voting in the United States. Companies within the so-called “civic alliance” encourage their employees to vote on election day with paid time and flexible work schedules.
In late October, Dorsey attended the hearing Before the Senate Committee on Commerce of the United States. Along with Facebook CEO Mark Zuckerberg and Google’s Sundar Pichai, Dorsey addressed the committee’s concerns about transparency and accountability in social media content, particularly with regard to hate speech and freedom of political expression.