Jack Dorsey is not the CEO of Block.
In a submitting with the SEC on Friday, the corporate previously often known as Sq. stated Dorsey has modified his title to Block Head. Block up to date its bylaws to mirror Dorsey’s new position, eradicating the requirement for the corporate to have an officer holding the titles of CEO and president.
It’s one more method that Dorsey is intersecting with Tesla’s Elon Musk, who’s making an attempt to purchase Twitter, the opposite firm that Dorsey co-founded and used to run. Final yr, Musk took on the title of “Technoking of Tesla,” though he nonetheless continues as CEO. Musk later stated his place as CEO was “a made-up title.”
Dorsey has made related feedback no less than way back to 2012, when he tweeted, “Titles, like ‘CEO’, get in the way in which of doing the appropriate factor. Respect to the individuals who ignore titles, and combat like hell for what is true.”