Jack Dorsey tried so as to add Elon Musk to Twitter’s board effectively earlier than acquisition, however the board feared it will create ‘extra danger’
Former Twitter CEO Jack Dorsey tried to get Elon Musk onto the social community’s board of administrators lengthy earlier than the present drama round whether or not Musk will purchase the corporate.
Dorsey pushed so as to add Musk to Twitter’s board shortly after activist buyers began agitating for change on the firm in 2020, in accordance with new textual content messages shared as a part of Twitter’s ongoing lawsuit with Musk. Dorsey’s plan was rejected by Twitter’s cautious board, he wrote in a personal message to Tesla Inc. CEO Musk in March of this 12 months. Of their dialog, Dorsey was particularly lamenting the truth that Twitter was a public firm as an alternative of an brazenly out there know-how protocol anybody may construct on, like e mail.
Musk replied that he would “like to assist if I’m able to,” after which Dorsey talked about that he had already been eager about methods to get Musk extra concerned within the firm.
“I needed to speak with you about it after I used to be all clear” of involvement with the board, Dorsey wrote, “since you care a lot, get its significance, and will def assist in immeasurable methods.”
In one other message, Dorsey wrote “again after we had the activist are available, I attempted my hardest to get you on our board, and our board mentioned no. That’s in regards to the time I made a decision I wanted to work to depart, as laborious because it was for me.” Dorsey mentioned Twitter’s board is “danger averse” and noticed Elon as including “extra danger” to the corporate. “Which I believed was utterly silly and backwards,” he wrote. Dorsey stepped down from Twitter’s board in Could.
Musk reached out to a different member of Twitter’s board, Silver Lake’s Egon Durban, later that very same day and was quickly in contact with Twitter CEO Parag Agrawal and Chairman Bret Taylor a couple of attainable board seat.
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