I recently wrote about how Jack Dorsey gave a significant amount of his equity in Square to the Start Small Foundation designed to support the small businesses that Square serves.
This morning, I woke up to this:
?⚡️ I'm giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.
— Jack (@jack) October 23, 2015
Now, Jack is giving 1/3 of his Twitter shares (1% of the company’s total shares) to Twitter employees. Basically, he’s doing something similar to what he did at Square by putting the company’s interests ahead of his personal interests. He’s just doing it at a smaller scale because he owns less Twitter shares than Square shares.
It’s another great example of leading by action.