On Monday, Elon Musk said that he supported Jack Dorsey remaining as Twitter Inc’s CEO. This was two days after activist investor Elliott Management Corp had said that Dorsey should be removed from the role.
Jack Dorsey at 43, is one of the most prominent entrepreneurs, operating out of Silicon Valley. Dorsey also a mobile payments company, Square Inc.
Much earlier, both Dorsey and Musk had lauded each other on social media. Also early this year, Dorsey had asked Musk (who has a follower count of 31 million on Twitter), on how could Twitter be made better.
A stake was amassed by hedge fund Elliot, and would be seeking to install its own nominees to the social media company’s eight member board, where three of its directors stand for election.