A management review was held by the board of social networking website Twitter, which announced that Chief Jack Dorsey will remain in his position like before.
This is after an activist investor wanted to push Jack out of his job. Thus, in March 2020, Twitter created a new committee on the board directors to keep a check on the company’s leadership.
The hedge fund Elliot Management was trying to ousted Jack in order to get its partner Jesse Cohn a position on the board of the San Francisco-based firm.
Thus, the new committee created a plan for getting fresh investments from private equity group Silver Lake.
The committee also got confidence in Jack’s leadership abilities and suggested that the current leadership structure in the company remains in tact.
By Sahana Iyer
