Twitter CEO Gives A Third of His Twitter Shares Back to Employees

Twitter (NYSE:TWTR) CEO Jack Dorsey tweeted that he is giving a third of his Twitter shares back to the company’s employees.
According to Tech Crunch:

A move like this is likely at least partially geared at improving morale at Twitter, which has gone through a major transition — with both a big round of layoffs and Dorsey returning as CEO happening in the past few months. Employees are certainly always looking for value at the places they work, and offering some extra shares at a company like Twitter certainly helps.
If a third of his shares corresponds to 1% of the company, he still owns 2% of it, which is a sizable chunk of Twitter. (It’s probably a little more than that — as of the last proxy filing, Dorsey owned 3.64% of the company.) At market close, Twitter was worth $19.7 billion — making his existing stake (we’ll assume something like 2% for the sake of simplicity) worth around $394 million.

 
Click here to read the full article on Tech Crunch.