Twitter CEO To Giveback $200 Million In Stock To Employees

The Logical Indian

October 24th, 2015 / 4:34 PM

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


Contributors

Edited by :

Share your thoughts..

Related Stories

Vishnu Donates Blanket Kerala Floods

Kerala Floods: This Migrant From MP Donates His Entire Stock Of Blankets To The Needy

India No Longer The Largest No Of Poor Study

India’s Extreme Poor Decrease From 125 Million In 2016 To 73 Million People In 2018: Study

From 1.2 Lakh Indian Post Employees To 10 Lakh Bank Employees On Protest; Know About Seven Different Protests In 1 Week

Labour Party Calls For Removal Of Vedanta From London Stock Exchange After Thoothukudi Incident

World Bank Lends Indian Govt $200 Million Loan For National Nutrition Mission

Twitter Knows Everything About UIDAI CEO, Why? Because He Gave His Authentication Log To SC

Latest on The Logical Indian

Fact Check

Fact Check: From Pakistan’s Flag Waved In Rajasthan To Rahul Gandhi’s U-Turn On Loan Waiver

Awareness

Central Govt Spent Rs 5,245 Cr On Ads Since 2014 Says Union Minister Rajyavardhan Rathore

Exclusive

#SevaSeShadi: This Couple Invited 150 Underprivileged Kids To Their Wedding

Awareness

UP District To Start Cow Census To Prevent Slaughter; Will Register NSA Against Culprits

Awareness

Tickets To Visit Taj Mahal Hiked Five Times To Limit Visitors

News

From Garbage Dump To “India’s Largest Floating Island,” This Bengaluru Lake Is In Limca Book of Records

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.