Twitter CEO To Giveback $200 Million In Stock To Employees

The Logical Indian

October 24th, 2015

Image Source: REUTERS/Rebecca Cook

In a time when profits matters to keep the investors happy, investment in their own employees more often than not has taken a back seat. Twitter’s chief executive and co-founder Jack Dorsey had instant headline grab when he had announced giving away 1/3rd of his shares in Twitter (valued at 197 Million dollars) to be invested back in employees’ present and future, including promotions and skill development.

Counter Poaching In The Valley
Steve Ballmer (Microsoft Chief Executive) has brought a 4% stake in Twitter making him one of the largest stake holder’s of twitter more than Jack Dorsey himself. The “re-investment” comes in the backdrop of twitter axing 8 % of its employees. This move is expected to re-instill confidence in its employees and also to increase their loyalty to their company. Silicon valley is well known for big firms poaching on other big firms’ employees. What Jack Dorsey is doing is likely to keep the company’s best employees together at Twitter.

How Much To Re-Invest, How Much For Revenue?
Reducing costs, overheads for more profits to keep investors happy and to attract more investments have more often resulted in employee emoluments taking a back seat. To what extent employees ought to be invested on and to what extent revenue and profits are to be the sole drivers of investments? Tough questions which free market economics is yet to answer. No matter what the answers are Jack Dorsey of Twitter could well might set a new precedent

Share your thoughts..

Related Stories

Karnataka: Fraudulent Schemes By 10 Firms Dupe 19 Lakh Common People Of Rs 3,273 Crore

Surat-Based Billionaire Diamond Merchant Gifts Employees 400 Flats, 1,260 Cars As Diwali Bonus

Equal Wages For Temporary Workers

Temporary Workers Entitled To Be Paid Wages At Par With Permanent Employees: Supreme Court

Thane Call Centre Employees Detained For Defrauding

Over 500 Call Centre Employees Detained In Thane For Allegedly Defrauding US Citizens

h1b--visa

A New Bill In The US Could Impact H-1B Visa Arrival – Know Both Sides Of The Argument

The Kenyan President Did Something Remarkable To Send Out A Strong Message Against Ivory Poaching

Latest on The Logical Indian

News

3 Men Attacked By Mob For Refusing “Virginity Test” On Brides

News

Kerala: Deplorable Elephant Parade Again, Police Allegedly Keep Mum

My Story

MyStory : “I Just Taught Them A Subject, But They Taught Me Many Inspirational Lessons Through Their Life”

News

Kolkata: Scooter Rider Beaten To Death By Civic Police Volunteers For Not Wearing Helmet

News

With 11 Journalists Killed In 2017, India Goes Further Down On International Press Freedom Ranking

News

Not Just Sreejith, This Man From Kerala Has Also Been Protesting Over A Year For His Daughter’s Death