Though detractors might still consider many of Twitter’s recent moves as signs the company is struggling to adapt to its own velocity, returning CEOJack Dorsey is determined to disprove that by investing in the people most valuable to any company: the staff. On Thursday, Jack announced that he’s giving back one-third of his roughly 22 million shares of company stock to the "employee equity pool," at which point the shares will be evenly distributed across staff members. According to Gizmodo, that’s about $200 million in stock.
"As for me," Jack also said in a statement. "I’d rather have a smaller part of something big than a bigger part of something small. I'm confident we can make Twitter big."
This employee investment initiative comes just weeks after Twitter announced it was laying off more than 300 employees as part of a larger streamlining process, a process Jack described as conducive to the future of the company’s continued innovations in the digital sphere "What should you expect from Twitter?" Dorsey proposed to CNN Money. "To be as easy as looking out your window to see what's happening. To show you what's happening in the world [first], directly from the source."
Hey, Jack. Can I borrow, like, 20 bucks?