Twitter CEO Jack Dorsey is Giving $200M of His Twitter Stock to Staff

By Jamie Condliffe on at

Twitter’s new CEO Jack Dorsey has enough cash to go round. So much so, in fact, that he’s announced that he’s giving one-third of his stock holdings in the social media company to his employees.

In a tweet, Dorsey announced that he’ll be giving back one-third of his approximately 22 million shares of stock to the employee equity pool, where they’ll be distributed amongst staff. In total that’s around $200 million in stock.

Of the news, he explained that he’d “rather have a smaller part of something big than a bigger part of something small. I’m confident we can make Twitter big!” Well, that, and the remaining $400 million worth of stock, at least.

Still, it might help remaining Twitter employees look on Dorsey more fondly, given he just sacked 336 of their co-workers[Re/Code]

Image by Esten Hurtle under Creative Commons license.