Twitter, Inc. (NYSE: TWTR) founder and chief govt officer of Block, Inc. (NYSE: SQ) Jack Dorsey now has a new title at the payment processing organization. Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk, who shares a cordial marriage with Dorsey, is enthusiastic about the title.
Dorsey Results in being ‘Block Head:’ In a curious move, Block explained, powerful April 20, it has amended the firm’s bylaws to improve Dorsey’s title from “CEO, President and Chairperson” to “Block Head and Chairperson,” an 8-K submitted with the SEC on Friday showed. The alter was made at the behest of Dorsey. The firm also clarified that Dorsey will go on to provide as principal executive officer of the organization.
Dorsey’s new moniker delivers to mind the tumultuous romance involving Charlie Brown and Lucy in the Peanuts comedian strip. Charlie had a significant viewpoint of Lucy, as she was always undertaking mean items to Linus, or dropping fly balls. He also hated how she constantly phone calls him names, this kind of as “blockhead,” and who can forget Lucy’s soccer gag which she pulled on him every yr.
Musk Is All Fireplace: The news apparently excited Musk, who tweeted late Saturday with two hearth emojis, even though referencing Dorsey’s new title. The Block CEO responded with a crown emoji and requested regardless of whether Musk dropped the “Techno.”
👑 <—- you drop that Techno?
— jack� (@jack) April 24, 2022
For the uninitiated, Tesla announced in March 2021 that Musk and CFO Zach Kirkhorn will assume the fancy titles of “Technoking of Tesla” and “Master of Coin,” respectively. The two executives, however, were to retain their positions as CEO and CFO, respectively.
Incidentally, Tesla’s Musk has made a hostile bid for Twitter, the company Dorsey co-founded and had long served as CEO. Dorsey announced his decision to step down from Twitter in late 2021. Dorsey’s comments on the takeover battle between Musk and the Twitter Board suggest that he might be siding with the former.
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