It seems like C-level executives in the tech. industry are just passed around like tired, worn cards. It's like bad re-gifting. They need to promote more internally to C-level.
Sometimes as a company grows they need "old hands" to guide them to the "next level", i.e. transform from start-up to full-blown company with all the requisite experience that needs. Google brought-in Eric Schmidt.
In the transformation toward maturity they can engage in promoting leadership from within with guidance from acquired leadership.
Not all companies have needed that external experience, but many have.
Agreed. Time will tell, but I have a feeling that this is because they have some kind of "good ol boys club" and they're not comfortable with new people in their inner circle. I wonder why. I also wonder what's going to happen with the Alwaleed stake, and if they're connected to this.
I'm guessing that within 12 months Jack will not be a part of Twitter nor any other tech company.
Noto was hired as a C-level, serving as COO (and by some reports, CEO in all but title). The only way he was getting promoted internally is if Jack quit.
I wonder if this will be the impetus that makes Jack become a full time CEO of twitter.
Anthony was one of those COO's who was fully capable of being the CEO, and had the experience to prove it. Just like Bill Gates had John Shirley, and Steve Jobs had Tim Cook, Jack had Noto.
Without such an experience and capable person to run the day to day, I've got to imagine that Jack's job at twitter just got alot harder.
Bloomberg is worth $50+ billion. They could afford Twitter.
Michael Bloomberg is worth an estimated $52 billion per Forbes. He owns 88% of Bloomberg the company, and nearly all of his wealth is wrapped up in the company. It's an extremely profitable business with $9+ billion in revenue.
It was worth ~$22 billion during the great recession, when Michael Bloomberg repurchased 20% of the company (rather brilliant timing, buying it from Merrill Lynch). That was a decade ago.
In all seriousness, as savvy as Bloomberg has been throughout his career, I'd expect him to wait until valuations plunge again, before making any big moves. I also wouldn't expect them to bother with Twitter.
He's a signer to the giving pledge. At nearly 76, he's no doubt facing a serious decision about what to do with his company. I'd expect either a public listing, or a sale to a large financial firm (JP Morgan etc).
Because he's responsible for both companies, and he should spend a majority of time on whichever company needs more of his time (which as you suggested, might be Twitter).
No, for the same reason you don't spend most of your time on your weakest employees or most of your money on your poorest investments. Feed your winners.
You have two choices when it comes to the weakest employee. Either you reach out and spend time to UNDERSTAND how to help this employee, or you can just ask the employee to leave.
A good manager would do the first unless there is absolutely no sign of any improvements. What is the definition of winners anyway? The one that gets the most code done and go home at 3PM? Or the one who is capable of delivering good work AND willing to help others to succeed? For some, bring a down company back on its feet is the most challenging and rewarding project.
Dorsey has to choose. Perhaps he just isn't the right person to lead Twitter. Or maybe he has to give up one child over the other. This isn't the simple "let me sell the bad assets" question. Twitter is still living, and is making money, just down the slipping route for far too long. Snap is in the same boat.
It's hard to let go of the control when you co-founded both and you have visions you really want to make them happen. On the other hand, why overwork? If I were him, I pick one so i can have some breathing room (but I rather quit and spend my day time on non-business stuff like earn another degree or hike around). Just my thought.
Wow comparing Jack to any of those CEOs and Noto to those lieutenants is blasphemy. Remember, Twitter still hasn't had a single profitable quarter yet.
