Twitter co-founder Jack Dorsey torched the company’s board of directors in a tweet on Sunday, blaming it for fomenting dysfunction within the company.
Dorsey’s critique came in response to a user who slammed Twitter’s founding members, saying he watched the board create problems for itself from the beginning.
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“If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if it could be made into a Hollywood thriller one day,” the tweet said.
“It’s consistently been the dysfunction of the company,” Dorsey replied.
it’s consistently been the dysfunction of the company
— jack⚡️ (@jack) April 17, 2022
Dorsey is currently a member of the board until his term ends later this year. When asked by a user if he was allowed to tweet that criticism of the board, Dorsey replied, “no.”
In a tweet on Saturday, Dorsey took another swipe at the board and backed up a quote cited from a user that said, “a bad board will kill a company every time.”
big facts
— jack⚡️ (@jack) April 17, 2022
Dorsey resigned as CEO of Twitter last November and has largely refrained from criticizing the company he helped build.
His criticism of the board comes amid Tesla CEO Elon Musk’s war of words with Twitter as he seeks to stage a takeover. In early April, the company announced that Musk would become a member of the board after he amassed a 9.2% stake in the company. Musk has publicly stated his goal is for the company to become more of a free speech-friendly platform.
When news that Musk was joining the board first broke, the Twitter co-founder expressed his excitement. Other than that, Dorsey has largely remained mum on Musk’s Twitter gambit.
I’m really happy Elon is joining the Twitter board! He cares deeply about our world and Twitter’s role in it.
Parag and Elon both lead with their hearts, and they will be an incredible team. https://t.co/T4rWEJFAes
— jack⚡️ (@jack) April 5, 2022
But then, Musk reversed course because his position would have restricted him from owning more than 14.9% of the company’s stock. Instead, Musk offered to buy the whole company. But the board deployed a “poison pill” strategy to hinder his ability to do so by essentially making the acquisition prohibitively expensive.
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Musk has since blasted the board, highlighting the fact that many of its members do not own a large percentage of its shares. Last week, he hinted that he has a “Plan B” to seize control of the social media giant.
Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.
— Elon Musk (@elonmusk) April 16, 2022
On Monday, Musk tweeted that board members would receive a $0 salary if his takeover venture is successful.
