Twitter names three new directors, while Jack Dorsey remains CEO
It was reported a week ago that Elliott Management took a sizeable stake in Twitter to push for changes, including potentially replacing Dorsey
New York — Twitter will appoint three new directors to its board and create a committee to review its leadership and governance, as part of an agreement with activist investor Elliott Management and private equity firm Silver Lake. The pact leaves CEO Jack Dorsey in place.
Silver Lake will also make a $1bn investment in the social media company, which Twitter plans to use to fund part of its first ever share buyback, set at $2bn...