Jack Dorsey, CEO, Twitter testifies at Congressional listening to, March 25, 2021.
In a submitting with the SEC on Friday, the corporate previously referred to as Sq. mentioned Dorsey has modified his identify to Block Head. Block up to date its bylaws to mirror Dorsey’s new position, disposing of the requirement for the corporate to have an officer conserving the titles of CEO and president.
It is but in a different way that Dorsey is intersecting with Tesla’s Elon Musk, who’s attempting to shop for Twitter, the opposite corporate that Dorsey co-founded and used to run. Final 12 months, Musk took on the identify of “Technoking of Tesla,” even if he nonetheless continues as CEO. Musk later mentioned his place as CEO was once “a made-up identify.”
Dorsey has made an identical feedback no less than way back to 2012, when he tweeted, “Titles, like ‘CEO’, get in the best way of doing the correct factor. Recognize to the individuals who forget about titles, and battle like hell for what is true.”
Block mentioned it modified Dorsey’s identify “at his request” on April 20. The phrase “blockhead” is outlined as “a silly individual” in Merriam-Webster’s on-line dictionary.
Dorsey based Sq. in 2009 with Jim McKelvey. The corporate has in large part interested in bills, however just lately moved into the crypto marketplace, essentially thru its Money App. In converting its identify to Block in December, the corporate mentioned its former moniker had turn into synonymous with its supplier trade for promoting items, whilst the rebrand “creates room for additional enlargement.”