Former CEO Dorsey tried to get Musk on Twitter's board well before deal

Former Twitter Inc. Chief Executive Officer Jack Dorsey tried to get Elon Musk onto the social network's board of directors long before the current drama around whether Musk will buy the company.

Jack Dorsey, Twitter
Kurt Wagner | Bloomberg
2 min read Last Updated : Sep 30 2022 | 9:11 AM IST
Former Twitter Inc. Chief Executive Officer Jack Dorsey tried to get Elon Musk onto the social network’s board of directors long before the current drama around whether Musk will buy the company. 

Dorsey pushed to add Musk to Twitter’s board shortly after activist investors started agitating for change at the company in 2020, according to new text messages shared as part of Twitter’s ongoing lawsuit with Musk. Dorsey’s plan was rejected by Twitter’s cautious board, he wrote in a private message to Tesla Inc. CEO Musk in March of this year. In their conversation, Dorsey was specifically lamenting the fact that Twitter was a public company instead of an openly available technology protocol anyone could build on, like email. 

Also Read | Biggest regret is that Twitter has become a company, says Jack Dorsey

Musk replied that he would “like to help if I am able to,” after which Dorsey mentioned that he had already been thinking about ways to get Musk more involved in the company. 

“I wanted to talk with you about it after I was all clear” of involvement with the board, Dorsey wrote, “because you care so much, get its importance, and could def help in immeasurable ways.” 

In another message, Dorsey wrote “back when we had the activist come in, I tried my hardest to get you on our board, and our board said no. That’s about the time I decided I needed to work to leave, as hard as it was for me.” Dorsey said Twitter’s board is “risk averse” and saw Elon as adding “more risk” to the company. “Which I thought was completely stupid and backwards,” he wrote. Dorsey stepped down from Twitter’s board in May.

Musk reached out to another member of Twitter’s board, Silver Lake’s Egon Durban, later that same day and was soon in touch with Twitter CEO Parag Agrawal and Chairman Bret Taylor about a possible board seat. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Jack DorseyElon MuskTwitterSocial Media

Next Story