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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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Former Twitter CEO Jack Dorsey defends the company’s sale to Elon Musk: It’s a ‘fresh reset’

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Kurt Wagner
Kurt Wagner
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Kurt Wagner
Kurt Wagner
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December 13, 2022, 7:52 PM ET
Former Twitter CEO Jack Dorsey.
Former Twitter CEO Jack Dorsey. Eva Marie Uzcategui/Bloomberg via Getty Images
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Former Twitter CEO Jack Dorsey called recent online attacks on his former employees “dangerous” while taking the blame for controversial content decisions that the company made under his leadership. 

Dorsey wrote in a blog post Tuesday that Twitter ultimately had too much power to make content decisions under his guidance. Users should have had more control over what they see online, and Twitter did a poor job building tools to handle that, he said. Dorsey added that he “completely gave up pushing for” those ideas after an activist investor showed up in early 2020. 

“I no longer had hope of achieving any of it as a public company with no defense mechanisms (lack of dual-class shares being a key one),” he said. “I planned my exit at that moment knowing I was no longer right for the company.”

Twitter has drawn fire over the past week following a release of internal communications about moderation decisions, including the ban of former President Donald Trump. The documents, dubbed by new owner Elon Musk as the “Twitter Files,” have been published by journalists that the billionaire brought into Twitter and gave what he called “unfettered” access. 

People who are upset about the decisions have targeted Twitter employees who were involved in them. 

“The current attacks on my former colleagues could be dangerous and doesn’t solve anything,” Dorsey said. “If you want to blame, direct it at me and my actions, or lack thereof.”

Dorsey defended the sale of Twitter to Musk, saying that taking the company private has given it the chance for a “fresh reset.”

Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today's executives. Subscribe here.

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