Jack Dorsey is now not the CEO of Block.
In a submitting with the SEC on Friday, the corporate previously referred to as Sq. stated Dorsey has modified his title to Block Head. Block up to date its bylaws to replicate Dorsey’s new position, eradicating the requirement for the corporate to have an officer holding the titles of CEO and president.
It’s one more manner that Dorsey is intersecting with Tesla’s Elon Musk, who’s attempting to purchase Twitter, the opposite firm that Dorsey co-founded and used to run. Final 12 months, Musk took on the title of “Technoking of Tesla,” though he nonetheless continues as CEO. Musk later stated his place as CEO was “a made-up title.”
Dorsey has made comparable feedback at the least way back to 2012, when he tweeted, “Titles, like ‘CEO’, get in the way in which of doing the precise factor. Respect to the individuals who ignore titles, and battle like hell for what is correct.”
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