Friday May 29, 2020

Jack Dorsey gives one third of his Twitter stock back to employees

The head of the online social networking site said he wants to "reinvest directly in our people"

23rd October, 2015
Twitter head, Dorsey has decided to give stocks to workers. Pic: Getty

Twitter chief executive Jack Dorsey is to give a third of his Twitter stock to the company’s employees, he has announced in tweet.

The shares amount to 1 per cent of the San Francisco-based company, worth about $200 million. The move is to “reinvest directly in our people,” he said. It will go into the employee equity pool.

“I’d rather have a smaller part of something big than a bigger part of something...

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