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Only a Founder Has the Moral Authority to Shake Up a Company



(p. B1) SAN FRANCISCO -- Shortly after Twitter's board of directors began its search for a new chief executive in June [2015], it said it would only accept someone willing to commit to the job full time. It was a not-so-subtle message to Twitter's co-founder and interim boss, Jack Dorsey, that he would have to give up his job running Square, a mobile payments start-up, if he wanted to run Twitter on a permanent basis.

On Monday [Oct. 5, 2015], the eight-member board reversed itself, announcing that it had decided to allow Mr. Dorsey, its chairman, to head both companies after all.


. . .


(p. B8) This is Mr. Dorsey's second go-round as Twitter's chief executive.

Evan Williams, a board member and co-founder of Twitter who was instrumental in firing him in 2008, noted that the board considered many candidates before settling on Mr. Dorsey.

"I honestly didn't think we'd land on Jack when we started unless he could step away from Square," Mr. Williams wrote in a post on Medium, the social media site he now runs. "But ultimately, we decided it was worth it."

In the end, Mr. Dorsey made a compelling case that he had matured and grown as a leader and that only a founder would have the moral authority to truly shake up a company that has been struggling to attract new users and compete for advertising dollars.



For the full story, see:

VINDU GOEL and MIKE ISAAC. "Delegating, Dorsey Will Lead Twitter and Square." The New York Times (Tues., OCT. 6, 2015): B1 & B8.

(Note: ellipsis, and bracketed dates, added.)

(Note: the online version of the story has the date OCT. 5, 2015, and has the title "Delegating, Jack Dorsey Will Lead Twitter and Square.")






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