Block Head is Jack Dorsey’s new title. Elon Musk reacts, Dorsey responds
The naming change happened at Dorsey’s request, he added.
Meanwhile, Block’s bylaws no longer require it to have a leader with the title of Chief Executive Officer (CEO) and President, implying that anyone who succeeds Dorsey in his role could also be called Block Head.
Tesla boss and the richest man in the world
Dorsey also responded to Musk’s comment asking if he would drop “king” from his title. For the uninitiated, the boss of Tesla had given himself the title of “Technoking” in 2021.
Elon’s takeover bid on Twitter
Musk, who appears keen to buy the microblogging site, has secured $46.5 billion in funding to buy Twitter Inc and is considering a takeover bid for its shares, a filing with U.S. regulators revealed Thursday. Musk himself has pledged to provide $33.5 billion, including $21 billion in equity and $12.5 billion in margin loans, to fund the deal.
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‘Twitter board salary will be $0’ if Elon Musk takeover bid succeeds
Recently, Musk took a dig at Twitter’s board saying their salary would be $0 if his bid was successful. “Board salary will be $0 if my bid is successful, so that’s ~$3M/yr saved there,” the Tesla boss tweeted in response to a user’s post criticizing the board of directors.
In November last year, Dorsey stepped down as CEO of Twitter.