Jack Dorsey Keeps Twitter CEO Job

A Twitter board committee reviewing the social network’s leadership and management structure concluded that Chief Executive Officer Jack Dorsey should maintain his role at the helm of the company. From a report: The committee was asked to formally review Twitter’s leadership as part of an agreement in March with activist investor Elliott Management and private equity firm Silver Lake, which took stakes in the San Francisco-based company earlier this year. The independent board panel, which included representatives from Elliott and Silver Lake, concluded that the current management structure is sufficient, and the full board accepted that recommendation, according to a company filing on Monday. “The committee expressed its confidence in management and recommended that the current structure remain in place,” the filing reads. “The board will continue to evaluate company and management performance according to a range of factors, including the company’s operating plan and established milestones.”