Leadership · Hiring

Why wouldn’t Twitter want a full-time CEO?


October 5th, 2015

Before today’s announcement, Twitter’s board had made a public statement of how they only wanted candidates "in a position to make a full-time commitment to Twitter” which seemed to cut Jack Dorsey out of the running since he remains CEO of Square which he cofounded. But to my surprise, Jack Dorsey was publicly announced as Twitter’s CEO early this morning. There have even been reports that Square’s preparing for an IPO. Therefore my question is how do others feel about Jack Dorsey remaining CEO of Square and now becoming CEO of Twitter? Why would Twitter go against their previous statement and pick Jack Dorsey when they seemed adamant about having a candidate that would be “fully committed”? Is there another public company that has a CEO that is not full-time?

Anton Yakovlev Founder of four successful businesses on two continents who can help you do the same

October 5th, 2015

They just couldn't find anyone better, I reckon. They should have talked to me )) (Just kidding) 

Michael Barnathan Adaptable, efficient, and motivated

October 5th, 2015

I agree with Anton: they probably looked, didn't find anyone who was material, decided Dorsey was doing well enough with his current time commitment.

Roger Wu co-founder at cooperatize, native advertising platform

October 5th, 2015

$AAPL (back in the days of jobs)

David Still Founder of Start-ups, Entrepreneur, Financier and Advisor

October 5th, 2015

Being a CEO is the "booby prize" usually given in recognition of an anticipated terrible performance, last-place finish or need for someone to take a fall for event(s) they had nothing to do with. "52 percent of founder CEOs have been replaced by the third round of financing; 44 percent of founder CEOs are replaced by the 3rd round of financing were fired by board; 8 percent of founder CEOs, the remaining cases - by far the minority - the founder raised his hand and said: there's got to be someone better than me to lead us to the next stage. When you're the creator of a company, you're increasing the chances that you're going to get fired 'the paradox of entrepreneurial success.' The most successful of founders, the ones who led their start-ups to completing key milestones the quickest, were actually the first ones to get fired. When you're a smashing success, you're also heightening the chances you're going to get fired." (Jessica Bruder, "A Harvard Professor Analyzes Why Start-Ups Fail" NYTimes.com May 25, 2012 at http://boss.blogs.nytimes.com/2012/05/25/a-harvard-professor-analyzes-why-start-ups-fail/?_php=true&_type=blogs&_r=0 accessed August 11, 2014) "40 percent of new chief executives fail outright within their first 18 months on the job." (Nicole Fallon, "Leadership Failures: 5 Stumbling Blocks for Bosses," Business News Daily blog October 15, 2014 http://www.businessnewsdaily.com/7293-why-leaders-fail.html)