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Twitter makes Jack Dorsey permanent CEO

Monday, October 05, 2015 - 01:02

Jack Dorsey will run Twitter and mobile payments company Square simultaneously. Some wonder whether he can keep both jobs. Fred Katayama reports.

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Jack Dorsey is back at Twitter. The social media company making him its permanent CEO. Dorsey has been running Twitter since Dick Costolo stepped down as CEO in July. But he also runs Square, a mobile payments firm that is preparing to go public this year. Some wonder whether the co-founder of Twitter can keep both jobs. Axiom Capital's Victor Anthony. (SOUNDBITE) VICTOR ANTHONY, ‎MANAGING DIRECTOR, INTERNET MEDIA EQUITY ANALYST, AXIOM CAPITAL MANAGEMENT (ENGLISH) SAYING: "It's okay with me, and some investors, for him to stay at the helm of both companies to see the IPO trough. But, I think after that's done, there are many perfect, I think, payment executives that exist that could step into the role of a CEO of Square, and, so, I think he should step away from Square and become the permanent, sole CEO of Twitter, maybe six, eight, nine months down the road from now." Twitter's stock rose more than five percent on the announcement. Dorsey won't get a penny for his new gig. He will give up his chairman title. Twitter will fill that post with someone from outside the company.

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Twitter makes Jack Dorsey permanent CEO

Monday, October 05, 2015 - 01:02