Jack Dorsey, CEO, Twitter testifies at Congressional listening to, March 25, 2021.
CNBC
Jack Dorsey is now not the CEO of Block. He now not has the identify, a minimum of.
In a submitting with the SEC on Friday, the corporate previously referred to as Sq. mentioned Dorsey has modified his identify to Block Head. Block up to date its bylaws to mirror Dorsey’s new position, getting rid of the requirement for the corporate to have an officer keeping the titles of CEO and president.
It is but differently that Dorsey is intersecting with Tesla’s Elon Musk, who’s making an attempt to shop for Twitter, the opposite corporate that Dorsey co-founded and used to run. Closing yr, Musk took on the identify of “Technoking of Tesla,” even though he nonetheless continues as CEO. Musk later mentioned his place as CEO used to be “a made-up identify.”
Dorsey has made identical feedback a minimum of way back to 2012, when he tweeted, “Titles, like ‘CEO’, get in the best way of doing the appropriate factor. Recognize to the individuals who forget about titles, and battle like hell for what is true.”
Block mentioned it modified Dorsey’s identify “at his request” on April 20. The phrase “blockhead” is outlined as “a silly particular person” in Merriam-Webster’s on-line dictionary.
Dorsey based Sq. in 2009 with Jim McKelvey. The corporate has in large part interested by bills, however not too long ago moved into the crypto marketplace, basically via its Money App. In converting its identify to Block in December, the corporate mentioned its former moniker had develop into synonymous with its supplier trade for promoting items, whilst the rebrand “creates room for additional expansion.”
