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New Twitter CEO Jack Dorsey gives 1/3 of his shares back to employees

Written by Andre Yoskowitz (Google+) @ 24 Oct 2015 15:53

New Twitter CEO Jack Dorsey gives 1/3 of his shares back to employees New Twitter CEO Jck Dorsey has given a third of his Twitter shares back to the company's employees, placing them directly into the employee equity pool.
The shares, which are worth about $200 million, will "reinvest directly in our people," added Dorsey. The move follows the executive's decision to lay off 8 percent of the workforce, inlcuding hundreds of engineers.

"I'd rather have a smaller part of something big than a bigger part of something small," Dorsey tweeted. "I'm confident we can make Twitter big!"

The shares amount to 1 percent of the outstanding shares of the struggling company.


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