{"id":1064472,"date":"2021-11-29T11:45:15","date_gmt":"2021-11-29T16:45:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1064472"},"modified":"2021-11-29T11:45:22","modified_gmt":"2021-11-29T16:45:22","slug":"jack-dorsey-steps-down-as-twitter-ceo-there-arent-many-founders-that-choose-their-company-over-their-own-ego","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jack-dorsey-steps-down-as-twitter-ceo-there-arent-many-founders-that-choose-their-company-over-their-own-ego\/","title":{"rendered":"Jack Dorsey Steps Down As Twitter CEO: \u2018There Aren\u2019t Many Founders That Choose Their Company Over Their Own Ego\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjack-dorsey-steps-down-as-twitter-ceo-there-arent-many-founders-that-choose-their-company-over-their-own-ego%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1064472&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>On Monday, Twitter CEO Jack Dorsey announced that he will be stepping down from his role at the social media company. It was previously reported by CNBC that, according to sources who spoke with the outlet\u2019s David Faber, Dorsey was expected to step down.<\/p>\n<p>\u201cHello team,\u201d Dorsey wrote in an email to Twitter employees that was also posted on his <a href=\"https:\/\/twitter.com\/jack\/status\/1465347002426867720\/photo\/1\">profile<\/a>. \u201cAfter almost 16 years of having a role at our company\u2026from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO\u2026I decided it\u2019s finally time for me to leave. Why?\u201d<\/p>\n<p>\u201cThere\u2019s a lot of talk about the importance of a company being \u2018founder-led,\u2019\u201d he continued. \u201cUltimately I believe that\u2019s severely limiting and a single point of failure. I\u2019ve worked hard to ensure this company can break away from its founding and founders.\u201d<\/p>\n<p>Dorsey then listed three reasons he believes \u201cnow is the right time\u201d to step down.<\/p>\n<p>\u201cThe first is Parag becoming our CEO,\u201d Dorsey explained. \u201cThe board ran a rigorous process considering all options and unanimously appointed Parag. He\u2019s been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He\u2019s curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep.\u201d<\/p>\n<p>\u201cThe second is Bret Taylor agreeing to become our board chair,\u201d Dorsey continued. \u201cI asked Bret to join our board when I became CEO, and he\u2019s been excellent in every way. He understands entrepreneurship, taking risks, companies at massive scale, technology, product, and he\u2019s an engineer. All of the things the board and the company deserve right now. Having Bret in this leadership role gives me a lot of confidence in the strength of our board going forward. You have no idea how happy this makes me!\u201d<\/p>\n<p>\u201cThe third is all of you,\u201d Dorsey wrote. \u201cWe have a lot of ambition and potential on this team. Consider this: Parag started here as an engineer who cared deeply about our work and now he\u2019s our CEO (I also had a similar path\u2026he did it better!). This alone makes me proud. I know that Parag will be able to channel this energy best because he\u2019s lived it and knows what it takes. All of you have the potential to change the course of this company for the better. I believe this with all my heart!\u201d<\/p>\n<p>Dorsey then told Twitter employees that Parag Agrawal, the company\u2019s Chief Technology Officer, would be starting as CEO immediately, and that Dorsey would continue to serve on the Twitter board through to the end of his term this coming spring to \u201chelp Parag and Bret with the transition.\u201d<\/p>\n<p>\u201cAnd after that\u2026I\u2019ll leave the board,\u201d Dorsey wrote. \u201cWhy not stay or become chair? I believe it\u2019s really important to give Parag the space he needs to lead. And back to my previous point, I believe it\u2019s critical a company can stand on its own, free of its founder\u2019s influence or direction.\u201d<\/p>\n<p>\u201cI want you all to know that this was my decision and I own it. It was a tough one for me, of course. I love this service and company\u2026and all of you so much. I\u2019m really sad\u2026yet really happy. There aren\u2019t many companies that get to this level. And there aren\u2019t many founders that choose their company over their own ego. I know we\u2019ll prove this was the right move,\u201d Dorsey concluded. \u201cWe\u2019ll have an all-hands meeting tomorrow at 9:05 AM Pacific to discuss it all. Until then, thank you all for the trust you\u2019ve placed in me, and for the openness to build that trust in Parag and yourselves. I love you all.\u201d<\/p>\n<p>\u201cPS I\u2019m tweeting this email. My one wish is for Twitter Inc to be the most transparent company in the world. Hi mom!\u201d Dorsey added.<\/p>\n<p>As <a href=\"https:\/\/www.cnbc.com\/2021\/11\/29\/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html\">CNBC<\/a> noted, Twitter shares were up initially following the news.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<a href=\"https:\/\/www.dailywire.com\/subscribe\"> member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, Twitter CEO Jack Dorsey announced that he will be stepping down from his role at the social media company. It was previously reported by CNBC that, according to sources who spoke with the outlet\u2019s David Faber, Dorsey was expected to step down.\u201cHello team,\u201d Dorsey wrote in an email to Twitter employees that was also posted on his profile. \u201cAfter almost 16 years of having a role at our company\u2026from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO\u2026I decided it\u2019s finally time for me to leave. Why?\u201d\u201cThere\u2019s a lot of talk about the importance of a company being \u2018founder-led,\u2019\u201d he continued. \u201cUltimately I believe that\u2019s severely limiting and a single point of failure. I\u2019ve worked hard to ensure this company can break away from its founding and founders.\u201dDorsey then listed three reasons he believes \u201cnow is the right time\u201d to step down.\u201cThe first is Parag becoming our CEO,\u201d Dorsey explained. \u201cThe board ran a rigorous process considering all options and unanimously appointed Parag. He\u2019s been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He\u2019s curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone deep.\u201d\u201cThe second is Bret Taylor agreeing to become our board chair,\u201d Dorsey continued. \u201cI asked Bret to join our board when I became CEO, and he\u2019s been excellent in every way. He understands entrepreneurship, taking risks, companies at massive scale, technology, product, and he\u2019s an engineer. All of the things the board and the company deserve right now. Having Bret in this leadership role gives me a lot of confidence in the strength of our board going forward. You have no idea how happy this makes me!\u201d\u201cThe third is all of you,\u201d Dorsey wrote. \u201cWe have a lot of ambition and potential on this team. Consider this: Parag started here as an engineer who cared deeply about our work and now he\u2019s our CEO (I also had a similar path\u2026he did it better!). This alone makes me proud. I know that Parag will be able to channel this energy best because he\u2019s lived it and knows what it takes. All of you have the potential to change the course of this company for the better. I believe this with all my heart!\u201dDorsey then told Twitter employees that Parag Agrawal, the company\u2019s Chief Technology Officer, would be starting as CEO immediately, and that Dorsey would continue to serve on the Twitter board through to the end of his term this coming spring to \u201chelp Parag and Bret with the transition.\u201d\u201cAnd after that\u2026I\u2019ll leave the board,\u201d Dorsey wrote. \u201cWhy not stay or become chair? I believe it\u2019s really important to give Parag the space he needs to lead. And back to my previous point, I believe it\u2019s critical a company can stand on its own, free of its founder\u2019s influence or direction.\u201d\u201cI want you all to know that this was my decision and I own it. It was a tough one for me, of course. I love this service and company\u2026and all of you so much. I\u2019m really sad\u2026yet really happy. There aren\u2019t many companies that get to this level. And there aren\u2019t many founders that choose their company over their own ego. I know we\u2019ll prove this was the right move,\u201d Dorsey concluded. \u201cWe\u2019ll have an all-hands meeting tomorrow at 9:05 AM Pacific to discuss it all. Until then, thank you all for the trust you\u2019ve placed in me, and for the openness to build that trust in Parag and yourselves. I love you all.\u201d\u201cPS I\u2019m tweeting this email. My one wish is for Twitter Inc to be the most transparent company in the world. Hi mom!\u201d Dorsey added.As CNBC noted, Twitter shares were up initially following the news.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":77,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1064472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1064472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1064472"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1064472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1064472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1064472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1064472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}