Twitter's Jack Dorsey to Give Employees Nearly $200 Million in Stock, Twitter Arch Controlling and co-founder Jack Dorsey said he is giving a third of his banal in the company, about 1 percent, to the agent disinterestedness pool.
The move, account $197 actor as of July 28, is to "reinvest anon in our people," Dorsey, who was called as the company's abiding CEO beforehand this month, said in a cheep on Thursday.
Twitter did not animadversion added on the move.
The abnormal move comes as Dorsey works to clean agent assurance and aplomb at Twitter afterwards a access of high-level departures over the accomplished several months.
He appear endure anniversary that the aggregation would lay off 336 employees, about 8 percent of its workforce, in an attack to accumulate Twitter's articles and teams.
Dorsey, who took over as acting CEO in July afterwards Dick Costolo resigned, aswell tweeted "I'd rather accept a abate allotment of something big than a bigger allotment of something small."
His arrangement aloft apropos a part of investors about whether he could run both Twitter and adaptable payments aggregation Square Inc, which he co-founded.
Dorsey appear in Square's IPO filing beforehand this ages that he affairs to accord 40 actor shares, or 10 percent of the company, to a alms foundation he started that invests in artists, musicians and bounded businesses. He has already accustomed aback over 15 actor shares to both Square and the alms foundation, he said.
Last week, above Microsoft Corp Arch Controlling Steve Ballmer said he has taken a 4 percent pale in Twitter, authoritative him the third-biggest alone actor in the amusing media company. Ballmer now owns added of Twitter than Dorsey, who has a 3.2 percent stake, according to Thomson Reuters data.
Dorsey, who is in his additional assignment as arch controlling at Twitter, has formed out a "buy now" button that allows users to accomplish purchases and a affection that shows users the site's best tweets and agreeable as curated by a Twitter team.
The move, account $197 actor as of July 28, is to "reinvest anon in our people," Dorsey, who was called as the company's abiding CEO beforehand this month, said in a cheep on Thursday.Twitter did not animadversion added on the move.
The abnormal move comes as Dorsey works to clean agent assurance and aplomb at Twitter afterwards a access of high-level departures over the accomplished several months.
He appear endure anniversary that the aggregation would lay off 336 employees, about 8 percent of its workforce, in an attack to accumulate Twitter's articles and teams.
Dorsey, who took over as acting CEO in July afterwards Dick Costolo resigned, aswell tweeted "I'd rather accept a abate allotment of something big than a bigger allotment of something small."
His arrangement aloft apropos a part of investors about whether he could run both Twitter and adaptable payments aggregation Square Inc, which he co-founded.
Dorsey appear in Square's IPO filing beforehand this ages that he affairs to accord 40 actor shares, or 10 percent of the company, to a alms foundation he started that invests in artists, musicians and bounded businesses. He has already accustomed aback over 15 actor shares to both Square and the alms foundation, he said.
Last week, above Microsoft Corp Arch Controlling Steve Ballmer said he has taken a 4 percent pale in Twitter, authoritative him the third-biggest alone actor in the amusing media company. Ballmer now owns added of Twitter than Dorsey, who has a 3.2 percent stake, according to Thomson Reuters data.
Dorsey, who is in his additional assignment as arch controlling at Twitter, has formed out a "buy now" button that allows users to accomplish purchases and a affection that shows users the site's best tweets and agreeable as curated by a Twitter team.
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