Twitter, Inc. TWTR founder and main government officer of Block, Inc. SQ Jack Dorsey now has a new title at the payment processing business. Tesla, Inc. TSLA CEO Elon Musk, who shares a cordial relationship with Dorsey, is enthusiastic about the title.
Dorsey Gets ‘Block Head:’ In a curious move, Block reported, efficient April 20, it has amended the company’s bylaws to transform Dorsey’s title from “CEO, President and Chairperson” to “Block Head and Chairperson,” an 8-K filed with the SEC on Friday confirmed. The change was built at the behest of Dorsey. The business also clarified that Dorsey will continue on to provide as principal govt officer of the enterprise.
Dorsey’s new moniker brings to mind the tumultuous relationship in between Charlie Brown and Lucy in the Peanuts comic strip. Charlie had a crucial feeling of Lucy, as she was always accomplishing imply matters to Linus, or dropping fly balls. He also hated how she generally calls him names, these types of as “blockhead,” and who can ignore Lucy’s soccer gag which she pulled on him each and every yr.
Musk Is All Hearth: The news apparently psyched Musk, who tweeted late Saturday with two fireplace emojis, whilst referencing Dorsey’s new title. The Block CEO responded with a crown emoji and asked no matter whether Musk dropped the “Techno.”
👑 <—- you drop that Techno?
— jack� (@jack) April 24, 2022
For the uninitiated, Tesla announced in March 2021 that Musk and CFO Zach Kirkhorn will assume the fancy titles of “Technoking of Tesla” and “Master of Coin,” respectively. The two executives, however, were to retain their positions as CEO and CFO, respectively.
Incidentally, Tesla’s Musk has made a hostile bid for Twitter, the company Dorsey co-founded and had long served as CEO. Dorsey announced his decision to step down from Twitter in late 2021. Dorsey’s comments on the takeover battle between Musk and the Twitter Board suggest that he might be siding with the former.