After Musk, Jack Dorsey slams Twitter’s board amid takeover push
As Tesla and SpaceX chief executive officer Elon Musk puts pressure on the board of Twitter to let him acquire the micro-blogging platform for $43 billion, its cofounder Jack Dorsey has finally broken the silence, labeling the board as “consistently the dysfunction of the company”.
Dorsey, who left Twitter in November last year – handing over the baton to Indian-origin Parag Agrawal – remains a board member until next month with his 2.2% share.
Reacting to a Twitter user, Dorsey said late on Sunday: “It (the board) has consistently been the dysfunction of the company”.
The former Twitter chief also agreed with venture capitalist Gary Tan, who posted that a badly run board “can literally make a billion dollars in value disappear.”
When another Twitter user asked Dorsey if he was allowed to speak publicly about the board, he replied, “No”.
Musk had said that “With Jack departing, the Twitter board collectively owns almost no shares!”