Jack Dorsey Got Twitted Out
Jack Dorsey, the guy who started Twitter and one of the pioneers of micro-blogging, has just been taken out of his CEO role at Twitter, Inc. He is now to be the company’s Chairman.
Ah, Chairman. At first glance it seems like a great promotion but in reality, it can mean another thing. A CEO has greater control of the company especially of the day-to-day operations. So being removed from the CEO post might mean a vote of no confidence on Jack Dorsey’s capabilities especially since Twitter has not been that profitable as most industry experts have predicted.
Some people get bumped up into the new post as Chairman then after a few months, they would resign or retire. It’s like having a graceful exit, but it just takes a little bit more time.
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Wonder what would happen to Twitter now! But it seems that Twitter is running fine.
Twitter’s fine. They just want to make more money out of it.