This is good news for Bitcoin fans. Jack Dorsey retains his role as CEO of Twitter. The company held a board meeting to discuss the matter. Jack Dorsey still at the head of Twitter As Bloomberg reported, the company's board of directors has officially reviewed how Dorsey is performing at the head of Twitter. Earlier in the year, it was reported that some board members were unhappy with the fact that the current CEO also has Square on his mind, where he also serves as CEO. However, it turns out that the board has concluded that the existing management structure is sufficient. The announcement reads: "The committee expressed confidence in management and recommended that the current structure be maintained. [...] The board will continue to evaluate the company's performance ... including [the effects of] the business plan and findings related to milestones [in the plan]." In addition to deciding to keep Dorsey at the helm of the company, the board committee also proposed a plan to shorten the terms of Twitter's directors from three years to one year. This move could make it easier for investors to replace board members with others, for example. Founding father and rebellion Dorsey has served as Twitter's CEO since the top social media platform was founded in 2006. However, in February 2020, Paul Singer - the founder of Elliott Management - pressured the board to decide on a revolution - removing Dorsey from the CEO position. The reason was the aforementioned splitting it between Twitter and Square. As you can see, the plan backfired. Dorsey himself is known to support the development of BTC and blockchain. The latest news from the company's camp Twitter, meanwhile, recently joined PayPal and Ripple, both of which are working together in what is being called the "Civic Alliance." The initiative involves these companies encouraging their employees to participate in elections. They allow them to go on paid leave or make their work schedule more flexible on the day of this democratic vacation. American companies are all about promoting voting in presidential elections. Tags bitcoin Jack Dorsey jack dorsey Twitter
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