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Turnarounds are super hard. A year isn't long enough and Dorsey would have been wise to both set expectations clearly that this is a 3+ year trek as well as loc
by erdevs 10y ago
Turnarounds are super hard. A year isn't long enough and Dorsey would have been wise to both set expectations clearly that this is a 3+ year trek as well as lock in some protective provisions around that timeline.
Given the actual state of affairs though, the Board has a clear fiduciary duty to consider all options.
Since Dorsey didn't give himself enough time to actually effect a true fundamental product/vision turnaround, he would've been far wiser to simply focus on driving revenue as a first step. Then circle back to product later.
It seems the strategy here was either unclear or unrealistic.