Twitter co-founder and CEO Jack Dorsey may not be the most vibrant public figure out there, but he surely comes across as the finest Steve Jobs-level tech-wiz with top-class leadership qualities.
Time and again, through various means and approaches, Jack Dorsey has shown the world that running a successful business takes much more than just establishing it. Great organizations of this world are built upon strong ethics and ideologies which thrive on consumer satisfaction provided through high employee engagement and happiness index.
And the Twitter CEO isnât just a man good with words, but also knows how to walk the talk and lead the way.
Here are 7 such reasons which prove Jack Dorsey might just be the coolest boss out there that all of us need:1. He Actually Cares About His Employeesâ Welfare
Hours ago, Jack Dorsey made headlines for sending his Twitter employees an email which said that they can continue to work from home as long as they want, even after the pandemic is over.
So, basically what that means is, âif our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen.â
Â© Twitter Complex
I mean, which other CEO would even consider such a move even if they get the chance? Think about it, Iâll wait.
Jack Dorsey is known to have taken just $1.40 as his base salary since 2018 - forgoing any increment or extra remuneration.
However, keeping in mind that the total compensation of Twitter's median compensated employee was $213,155 in 2019, an employee to CEO pay ratio is less than 0.001.
While his employees continue to get their dues for their services year after year, the Twitter CEO hasnât claimed any benefits for himself and continues to work for his company and its future every day.
Amid the ongoing COVID-19 crisis, Jack Dorsey has gone out of his way to ensure that he takes effective personal measures to help the world fight the pandemic. The man swore off â28% of (his) wealthâ, that is $1,000 million, to aid the fight against coronavirus and build a better future.
So, before calling people to donate whatever is in their power, Dorsey is doing his bit to encourage others. So far, he has donated $2.1 million to the Mayorâs Fund for LA towards domestic violence victims, pledged $10 million to REFORM Alliance which will help provide 10 million face masks and other PPEs for inmates, officers, health care workers and other prison employees.
The Twitter CEO has also donated $15 million to San Franciscoâs COVID-19 Response and Recovery Fund, to help people and businesses impacted by the pandemic.
Apart from all that, Dorsey has also donated $750K to Eminemâs Marshall Mathers foundation which works to help the youth in Detroit.4. He Teaches His Team (& Others) To Have Faith In Their Product
No company, however strong, can sustain itself in the long run if the ones who are working in it donât have faith in its potential and future. Similarly, Jack Dorsey, who also happens to be the founder and CEO of mobile payments company Square, has shown his team that trusting their own product is crucial.
By regularly buying Bitcoin worth $10,000 every week, and maxing out his Bitcoin buys on Cash App, a subsidiary of Square, Jack Dorsey is encouraging his employees and customers to have faith in their products and services. And thatâs just one such instance.
We all know how welcome any form of criticism or feedback is to most bosses. But thatâs not the case with Jack Dorsey.
According to reports, earlier this year, the Twitter CEO made a video call to tech giant Elon Musk during a staff meeting to take âdirect feedbackâ and âcritiqueâ on Twitter from the man himself.
According to SkyNews, Dorsey asked, "Give us some direct feedback, critique, what are we doing poorly, what could we be doing better, and what's your hope for our potential as a service?" He further added, "If you were running Twitter - by the way do you want to run Twitter? What would you do?"
Musk gave him an honest response and said that it would be âhelpful to differentiateâ between real and fake (bots and organised trolls) accounts. "How do you tell if the feedback is real or someone trying to manipulate the system? ...Sometimes it can be very difficult to figure out what's real public opinion and what's not.â
By encouraging an open feedback/criticism session during a staff meeting, Dorsey imbibed a good culture within his team and encouraged his employees to work with an open mind, accept criticisms and improve as they go.