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Based on fiduciary responsibility to current Square shareholders, I can't believe he's allowed to do this.
by slowernet 11y ago
Based on fiduciary responsibility to current Square shareholders, I can't believe he's allowed to do this.
- JonFish85 11y agoSquare isn't public so I imagine that the private stakeholders either are OK with him taking the job or aren't able to stop him (if he owns enough stock).
- bduerst 11y agoSince many B2C IPO strategies seem to benefit from generating media buzz, I can imagine the keyword tie-in to Twitter only helps. Also, the CFO is probably just as important if not more for getting the company ready for IPO.
- caseyf7 11y agoI bet he steps out of Square or sells it. Square is much less likely to price an IPO than people think.
- ececconi 11y agoElon Musk is the CEO of a public company (Tesla) and also the CEO of a private company (SpaceX)
- colmvp 11y agoSerious question: How can someone find the time to be CEO of two companies? I can't imagine even being a full-time engineer at two companies.
- guelo 11y agoManagement is easier and takes less time than programming.
- bosdev 11y agoThis is not necessarily true at all. Based on what I've heard of Jack and Elon, they work 16+ hours a day. I think that's the answer.
- ixtli 11y agoBut it's important to remember that Elon and Jobs were unicorns. It should be an immediate redflag if people compare others to them. I also think it's unfair to compare Square/Twitter with SpaceX/Tesla or with Apple/Pixar. Also the above commenter's point, talking to people 16 hours a day does not mean you're working. An engineer's work is quantifiable, so they can be held accountable when they claim they work 16 hours a day. Not so for a manager. Their effect (good or bad) is far more difficult to quantify.
- ececconi 11y agoI think that's a very simplified way of looking at the way companies work.
- ogezi 11y agoBoth your premises are incorrect
- vogt 11y agoI read that Dorsey basically divides his day into Twitter in the morning and Square in the evening, or something to that effect. I believe he lives walking distance to both offices in the Mission.
- ValG 11y agoFor accuracy's sake, he must live in the Tenderloin then, maybe at the NEMA apts. Twitter and Square are both in the Tenderloin, the Mission isn't really walking distance to that area (right on Market). edit: Alternatively, he could live in the mission and then walk between the 2 offices during the day, they're right next to each other.
- andyfleming 11y agoThe role of a CEO and an engineer are typically much different. Most would probably say that being the CEO of two companies isn't feasible. However, some of the most important parts of a good CEO are hard to replace. A part-time CEO with strong vision and leadership may be able to more effectively lead a company towards success than a full-time one without the right vision or leadership.
- stephensurh 11y agoBy having trusted and capable senior leadership in each company, so that the CEO job is limited to managing that team and harmonizing disagreements among them.
- redthrowaway 11y agoI think I recall reading that Musk gives Wed-Sat at Tesla and Sun-Tue at SpaceX.
- forgetsusername 11y agoI doubt it works like this, and if it does, it's exactly why people think it's a crazy idea. Do you really think it's possible to be the CEO of a major public company, one that's changing the game and has a very high profile, and have a schedule where you take three days "off", to work elsewhere? Then again, somehow he's doing it.
- rokhayakebe 11y agoEngineers Do Stuff. CEOs Think & Share Ideas. Implementation takes more resources.
- xd1936 11y agoAnd Chairman of Solarcity. Busy man.