Dorsey’s Resignation Email

After co-founding and leading the company, Jack Dorsey has resigned from Twitter. He was with Twitter for 16 years and says now is the right time to create some distance from the company founders. In a email to employees, which he tweeted for transparency, Dorsey describes his confidence in the new CEO, Parag Agrawal, and board chair.

The email reminds me of “One Last Time” in Hamilton, in which George Washington explains that he won’t run again for president. Dorsey seems to know that his time is up, and he is making space for others.

He may be tired of the pressure on tech companies, including an activist investor. Dorsey also continues to serve as CEO of Square.

His email lacks some more common features of CEO resignations. I expected to see a recount of Twitter’s successes going back to the early days, but we read none of that. Perhaps Jack is, as he says, ready to move on.