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https://archive.is/8Ffn4 https://archive.is/8Ffn4 Keep in mind his voting structure changed in May meaning he lost some shareholder power. > Its use of super

https://archive.is/8Ffn4 https://archive.is/8Ffn4 Keep in mind his voting structure changed in May meaning he lost some shareholder power. > Its use of supervoting shares, which gives CEO and co-founder Jeff Lawson a voting stake of 21.8% even though he owns only 3.7% of the stock, [1] No derogatory remarks intended to Jeff, Jeff certainly has had great moments, but Kho is also a fantastic leader and capital allocator, who's made some truly uncanny calls (like raising in the market near the top,and share buy back near the bottom). I think Kho is the right person for the job in the times that Twilio finds themselves. It's something I've hoped for for years, as a shareholder. Jeff deserves praise for the humility to step down and promote from within a well groomed and talented successor. [1]: https://www.theinformation.com/articles/twilio-set-to-lose-supervoting-protection-next-month-has-been-meeting-with-activist https://www.theinformation.com/articles/twilio-set-to-lose-s...

adam_arthur 3y ago
Any exec who actually tries to sell the stock high, and buy it low is a winner in my book. Most just follow the crowd and do shareholder dilutive buybacks at nosebleed valuations. If you can buy a long duration US treasury yielding more than twice what your shares yield, maybe stop to think before doing any buybacks. Though I've written it up to mostly short term-ism towards increasing their own compensation through pressuring share price in the immediate term. The alternative is that all these CFOs and others are financially illiterate or incompetent
- maerF0x0 3y ago
  Reminded me of another point on the board for Kho, He was smart enough to grab a billion in 10yr bonds at like 3% which was genius for the growth rate (if you can grow money at 10% then you should take every penny you can get below that). https://www.spglobal.com/marketintelligence/en/news-insights/blog/essential-ir-insights-newsletter-summer-july-august-2023 https://www.spglobal.com/marketintelligence/en/news-insights... The only party he missed was putting our cash reserves in BTC. (which is an inside joke). It would have made the money like $4-5B based on the time of the suggestion. I think investors will be happy to hear he flatly outright said no to that. It looked like a missed opportunity (at $64k)... until it didn't. (back at $16k)
csharpminor 3y ago
Agree with this. For folks not familiar with Twilio leadership, I would liken Kho to Twilio's version of Tim Cook. For the size and stage of growth that Twilio's at, he's the best possible replacement for Jeff.

adam_arthur 3y ago

Any exec who actually tries to sell the stock high, and buy it low is a winner in my book. Most just follow the crowd and do shareholder dilutive buybacks at nosebleed valuations. If you can buy a long duration US treasury yielding more than twice what your shares yield, maybe stop to think before doing any buybacks. Though I've written it up to mostly short term-ism towards increasing their own compensation through pressuring share price in the immediate term. The alternative is that all these CFOs and others are financially illiterate or incompetent

maerF0x0 3y ago
Reminded me of another point on the board for Kho, He was smart enough to grab a billion in 10yr bonds at like 3% which was genius for the growth rate (if you can grow money at 10% then you should take every penny you can get below that). https://www.spglobal.com/marketintelligence/en/news-insights/blog/essential-ir-insights-newsletter-summer-july-august-2023 https://www.spglobal.com/marketintelligence/en/news-insights... The only party he missed was putting our cash reserves in BTC. (which is an inside joke). It would have made the money like $4-5B based on the time of the suggestion. I think investors will be happy to hear he flatly outright said no to that. It looked like a missed opportunity (at $64k)... until it didn't. (back at $16k)

csharpminor 3y ago

Agree with this. For folks not familiar with Twilio leadership, I would liken Kho to Twilio's version of Tim Cook. For the size and stage of growth that Twilio's at, he's the best possible replacement for Jeff.