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When is Dorsey going to step down? Running two successful, public businesses is damn near impossible. Running two public companies that are both in dire straits

by dharmon 10y ago

When is Dorsey going to step down? Running two successful, public businesses is damn near impossible. Running two public companies that are both in dire straits? Get outta here. It was incredibly irresponsible of the board to allow him to come back in the CEO role, and they need to put an end to it.

acchow 10y ago
Why do you think Square is in "dire straits"? They're beating expectations every quarter and raising forward guidance.
- baccheion 10y ago
  They aren't necessarily in dire straits, but it seems their (prematurely) slowing growth has many spooked, and it is also puzzling, as they shouldn't have slown down this quickly. Also, many complain about Twitter's user experience, overall product, and lack of desire to tend to its users and their needs. Essentially, it seems they just stalled out, are slowly drifting deeper into mediocrity, and aren't going anywhere. Though with growth still present (as their stock price is now more aligned with their projected growth rate) and a large (billions in IPO proceeds) cash cushion relative to their size.
  - moyta 10y ago
    How is any of Square's performance surprising though? I would be surprised if they are able to be more successful than other ISOs in the payment processing industry, and at this point the little niche they had has been commoditized like the rest of the industry. Clover Go, Paypal Here, etc are eating their marketshare and can beat them on rates all day long, except for customers that don't make sense (high Amex/Visa Infinite usage), and First Data and their ISOs are happy to let Square lay there and bleed out from those "customers".
twblalock 10y ago
I blame the board for Dorsey and for most of the other problems. (Yes, I know he's a member of the board...) It's inevitable that a lot of executive positions get filled by personal connections, and it's inevitable that board members reward their friends, etc. Despite that, many businesses end up being run pretty well. However, the Twitter board has extremely irresponsible and negligent -- far more so than is normally the case. I don't think any executive reshuffles or new CEOs will help, because the board contributes as much to the problem as anyone else.
- heymijo 10y ago
  Did you read Hatching Twitter? I was appalled at the board's mismanagement and ineptitude throughout the company's life.
nandemo 10y ago
FWIW, Carlos Ghosn managed to turn Nissan around while he was still running Renault (though he was only a Executive VP there). https://en.wikipedia.org/wiki/Carlos_Ghosn https://en.wikipedia.org/wiki/Carlos_Ghosn

by dharmon 10y ago

acchow 10y ago

Why do you think Square is in "dire straits"? They're beating expectations every quarter and raising forward guidance.

baccheion 10y ago
They aren't necessarily in dire straits, but it seems their (prematurely) slowing growth has many spooked, and it is also puzzling, as they shouldn't have slown down this quickly. Also, many complain about Twitter's user experience, overall product, and lack of desire to tend to its users and their needs. Essentially, it seems they just stalled out, are slowly drifting deeper into mediocrity, and aren't going anywhere. Though with growth still present (as their stock price is now more aligned with their projected growth rate) and a large (billions in IPO proceeds) cash cushion relative to their size.
- moyta 10y ago
  How is any of Square's performance surprising though? I would be surprised if they are able to be more successful than other ISOs in the payment processing industry, and at this point the little niche they had has been commoditized like the rest of the industry. Clover Go, Paypal Here, etc are eating their marketshare and can beat them on rates all day long, except for customers that don't make sense (high Amex/Visa Infinite usage), and First Data and their ISOs are happy to let Square lay there and bleed out from those "customers".

twblalock 10y ago

I blame the board for Dorsey and for most of the other problems. (Yes, I know he's a member of the board...) It's inevitable that a lot of executive positions get filled by personal connections, and it's inevitable that board members reward their friends, etc. Despite that, many businesses end up being run pretty well. However, the Twitter board has extremely irresponsible and negligent -- far more so than is normally the case. I don't think any executive reshuffles or new CEOs will help, because the board contributes as much to the problem as anyone else.

heymijo 10y ago
Did you read Hatching Twitter? I was appalled at the board's mismanagement and ineptitude throughout the company's life.

nandemo 10y ago

FWIW, Carlos Ghosn managed to turn Nissan around while he was still running Renault (though he was only a Executive VP there). https://en.wikipedia.org/wiki/Carlos_Ghosn https://en.wikipedia.org/wiki/Carlos_Ghosn