Would You Give Up 1/3 of Your Business Interests Like Twitter’s Jack Dorsey?

jack dorsey

Twitter CEO Jack Dorsey says he plans to give about one-third of his Twitter stock, or 1 percent of the company, to Twitter’s employees.

But hold on. There’s a method to Dorsey’s madness. He figures a share in the company will give his employees a greater stake in its success. And he may be right.

Dorsey made a similar move in December 2013 at Square, the online payments processor he co-founded and where he also serves as CEO. He gave 10 percent of his shares back to Square employees.

Then, more recently, Dorsey said he would donate some 40 million shares of Square to charity.  Dorsey’s intentions were included in filing for Square’s initial public offering with the Securities and Exchange Commission.

Now, Dorsey is focusing his largess on Twitter employees, explaining in a tweet, appropriately enough:

A minute later, he added:  

Dorsey has about 22 million shares of Twitter. His generosity toward Twitter’s employees is worth around $200 million, published reports indicate.

Dorsey’s effort, in addition to creating additional wealth for Twitter’s employees, will likely serve as a morale booster following Twitter’s recent round of layoffs, the company’s first mass layoff in its nine-year history.

Small business owners seeking to show their own employees how valued they are can look to Dorsey for inspiration. But you don’t need to be a 38-year-old billionaire to show your employees you value each and every one of them.

What are some ways you’re showing your employees that you appreciate them?

Image: Twitter

More in: 3 Comments ▼

Ed Lieber Ed Lieber is a staff writer for Small Business Trends. He is a journalist and marketing copywriter with 20 years of experience writing, editing and managing for print and digital vehicles.

3 Reactions
  1. I think it is wise. I would do it if I have a big enough of a business. Sharing always wins in the end. It is just not a normal concept to adopt but it works.

  2. It is all good, as long Mr. Dorsey is doing it by free will. Do you think that the employees will be more loyal now and stay at Twitter?

  3. Why not. Charity is what the world need most right now. Besides, 1 bln net worth is more than enough to live like a king. The rest couple of billions are much more needed by different socially oriented organizations than just rotting in your bank account.