Twitter CEO Jack Dorsey to Give One Third of His Stock to Employees

Twitter CEO Jack Dorsey revealed in October 2015 that he planned to give one third of his stock to employees because he said, "As for me: I'd rather have a smaller part of something big than a bigger part of something small. I'm confident we can make Twitter big!". This came after Twitter layoffs and stock prices lowering.

Well his plans are moving forward now because Twitter's stockholders gave preliminary approval to his plan last week, on Wednesday. Twitter revealed in April that “Mr. Dorsey’s share contribution is an investment in our employees and way to attract and retain them without any dilution to our stockholders”.

His shares will be added to Twitter's employee pool and will be "granted over time to Twitter's employees and other service providers". There has been no new information on when this roll out will start.