4 ms·
On a related note, Jack is said to forgo compensation for his interim role at Twitter.[1] That should put to end any doubts about whether Jack's role is indeed
by wozniacki 11y ago
On a related note, Jack is said to forgo compensation for his interim role at Twitter.[1]
That should put to end any doubts about whether Jack's role is indeed truly interim and not a comeback.
[1] Jack Dorsey to forgo salary to lead Twitter
http://www.marketwatch.com/story/jack-dorsey-to-forgo-salary-to-lead-twitter-2015-06-11 http://www.marketwatch.com/story/jack-dorsey-to-forgo-salary...
- gkoberger 11y agoNope, this is win-win for them. They said interim for a reason. If it doesn't work, they can say "this was the plan all along". If it does work, they can say "this was the plan all along". Either way, he will be paid very well – they just haven't nailed down the exact details yet, as the contract specifically states.
- mathattack 11y agoI'm not sure what you're implying? That he doesn't want to stick around? Jobs didn't take a salary after his return.
- wozniacki 11y agoMy hunch is that Jack won't/can't stick around for three reasons : a) He has another company to save which is in itself a full time job, given how hot the payments space is. b) If Twitter should ultimately (and rather ingloriously) be sold to say a Alibaba or Facebook or (longshots) Microsoft or Google, Jack wouldn't want to be the guy who 'trimmed the fat' and right-sized it for a sale. It wouldn't be good for his personal brand. c) Twitter hasn't yet found an identity - even with 300 MM users (even Costolo hasn't contested this as recently as May, in an interview [1]). Jack can only breathe life into it, if he makes one hell of a pivot away from the way Twitter is perceived by the masses - way too confusing to use for most [2] and lacking an identity (People still ask of Twitter what they don't of Facebook - what Twitter will be when it has finally grown up)[3] Bonus reason : Twitter has gone through 5 product heads in the five years while Costolo was at the helm. A part of me wants to believe that it is not all the fault of Costolo and that Twitter needs a fundamental rethink. I doubt Dorsey is willing to do it. I just don't think he can, unless he gives up his gig at Square. [1] [3] Twitter CEO Dick Costolo Q&A: What to Do When People Say ‘You Suck’ http://www.bloomberg.com/news/articles/2015-05-07/twitter-ceo-dick-costolo-q-a-what-to-do-when-people-say-you-suck http://www.bloomberg.com/news/articles/2015-05-07/twitter-ce... [2] Twitter redesigned its confusing, unattractive homepage http://qz.com/384517/twitter-redesigned-its-confusing-unattractive-homepage/ http://qz.com/384517/twitter-redesigned-its-confusing-unattr...
- meatysnapper 11y agoDon't forget that the legacy of product chaos started with Jack.
- jgrahamc 11y agoThat should put to end any doubts about whether Jack's role is indeed truly interim and not a comeback. Why? The article you link to says: "Dorsey requested no compensation for his role until the company's compensation committee agrees on a package when it conducts its annual assessment and the setting of executive compensation later in the year"