Jack Dorsey, the former CEO of Twitter, has finally opened up about the fuss over Elon Musk's takeover of Twitter. Since Musk expressed his desire to buy the platform, several questions have arisen linking Musk's investment to Dorsey's departure from the chair.
In a recent tweet uploaded by Dorsey, he emphatically replied “No”. Dorsey clarified that his departure was in no way caused by Musk's flood of criticism regarding the social media platform.
— jack⚡️ (@jack) April 15, 2022
Earlier, when Musk was about to join Twitter, Dorsey showed his support by saying, “I'm so excited Elon is joining the Twitter board! He cares deeply about our world and Twitter's role in it. Parag (Agrawal) and Elon are both leading with their hearts, and they will make a great team.”
Over the weekend, Dorsey and Musk shared their thoughts on Twitter's board of directors. In one of Dorsey's tweets he sanctioned the phrase that said, “A good board doesn't make a good company, but a bad board kills a company every time.”
Later, he also replied to another user's tweet citing the long-running “plots and coups” on Twitter's board. Dorsey added, “This is consistently a corporate dysfunction.”
At the same time, Musk wrote on Twitter, “With Jack gone, the Twitter board collectively has almost no stake! Objectively, their economic interests are simply not aligned with those of the shareholders.”
Whether or not Dorsey's statement will affect Musk's takeover of Twitter, but the pill poison strategy has been implemented by the board to complicate Musk's wishes. On Monday, Musk renewed his campaign to buy the company by suggesting a different type of shake-up to the board.
Board salary will be $0 if my bid succeeds, so that's ~$3M/year saved right there
— Elon Musk (@elonmusk) April 18, 2022