CEO Jack Dorsey Gives a Third of His Twitter Stock Back to Employees
- CEO puts 1 percent of the company into employee equity pool
- Move is to `reinvest directly in our people' after layoffs
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Twitter Inc. Chief Executive Officer Jack Dorsey is giving a third of his Twitter stock to the company’s employees, he said in a tweet today.
The shares amount to 1 percent of the San Francisco-based company, worth about $200 million. The move is to “reinvest directly in our people,” he said Thursday. It will go into the employee equity pool.