Source: Me Next Magazine-Rajasthan Patrika (10-Dec-2017)

Jack Dorsey: Co-founder and CEO of Twitter

Jack Patrick Dorsey (born November 19, 1976) is an American computer programmer and Internet entrepreneur who is co-founder and CEO of Twitter, and founder and CEO of Square, a mobile payments company.

Career

Twitter

Williams, Stone and Noah Glass co-founded Obvious Corporation, which then spun off Twitter, Inc., with Dorsey as the Chief Executive Officer (CEO). As chief executive officer, Dorsey saw the startup through two rounds of funding by the venture capitalists who backed the company. He reportedly lost his position for leaving work early to enjoy other pursuits, such as yoga and fashion design.

Square, Inc.

Dorsey, along with co-founder Jim McKelvey, developed a small business platform to accept debit and credit card payments on a mobile device called Square, released in May 2010. The small, square-shaped device attaches to iPhone, iPad, iPod Touch, or Android devices via the headphone jack, and as a mini card reader, allows a person to swipe their card, choose an amount to transfer to the recipient and then sign their name for confirmation. Square is also a system for sending paperless receipts via text message or email, and is available as a free app for iOS and Android OS.

Other projects

Producer Tom Anderson and correspondent Lara Logan interviewed Dorsey for a segment of CBS 60 Minutes called “The Innovator: Jack Dorsey” which aired during March 2013.

Dorsey was announced as a new member of the board of directors of The Walt Disney Company on December 24, 2013. In January 2018, it was reported that Dorsey would not seek re-election at Disney’s March annual meeting, due to increased difficulty at avoiding conflicts of interest.

He is also a board member of the Berggruen Institute’s Governance Center.

Former Twitter CEO Dick Costolo described Dorsey as a calm, thoughtful leader. Charles Whitehead, a business law professor at Cornell Law School who lectures on the dual CEO said “Half of Jack Dorsey is worth 100% of anyone else. He appeals to investors, whom he attracts, and employees, whom he retains.”

Recognition

  • In 2008, he was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35. For 2012, The Wall Street Journal gave him the “Innovator of the Year Award” for technology.
  • At the 5th Annual Crunchies Awards in 2012, hosted by TechCrunch, Dorsey was named Founder of the Year.
  • In 2013, he was considered by Forbes the world’s most eligible bachelor.
  • Dorsey was ranked by Fox Business as the #4 Worst CEO of 2016, citing stagnant growth, falling stock prices, and his part-time commitment to Twitter.
  • In 2017, 24/7 Wall St. listed Dorsey among the 2017 Worst CEOs in America.
  • In May 2018, Dorsey spoke at Consensus 2018, a digital currency and blockchain technology conference.
  • In 2018, Dorsey was named one of the “Best CEOs In The World” by CEOWORLD magazine.

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