<p>Former Twitter CEO and co-founder Jack Dorsey slammed the company&#8217;s board of directors in a tweet over the weekend which comes as entrepreneur Elon Musk, the world&#8217;s richest man, offered $43 billion to buy the company outright last week.</p>
<p>Dorsey was responding to the following tweet when he made his remark, &#8220;If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if it could be made into a Hollywood thriller one day.&#8221;</p>
<p>Dorsey responded, &#8220;It’s consistently been the dysfunction of the company.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">it’s consistently been the dysfunction of the company</p>
<p>&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1515549577352564740?ref_src=twsrc%5Etfw">April 17, 2022</a></p></blockquote>
<p>Dorsey also <a href="https://twitter.com/jack/status/1515536972995088385">said</a> &#8220;big facts&#8221; in response to the following statement from venture capitalist Fred Destin: “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.”</p>
<p>When later asked if he was allowed to speak like this publicly given the fact that he is still on the company&#8217;s board, Dorsey responded, &#8220;No.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="und" dir="ltr">no</p>
<p>&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1515559905499009025?ref_src=twsrc%5Etfw">April 17, 2022</a></p></blockquote>
<p>Twitter has <a href="https://www.dailywire.com/news/twitters-poison-pill-plan-to-block-elon-musk-from-buying-the-company-may-not-be-enough-to-stop-him">attempted</a> to stop Musk from taking over the company by adopting a so-called “poison pill” that effectively allows all shareholders, except those trying to buy out the company, to purchase newly offered shares at a discounted price.</p>
<p>Musk would have to purchase the new shares at a higher price, which could end up being too much for him to afford, if he wanted to take over the company. Despite throwing a massive roadblock in Musk’s way, the adoption of the poison pill would not bar Musk from being able to buy the company, it would only make it harder.</p>
<p>“A poison pill is a way to stave off someone until you can get a higher price. It makes it outrageously expensive for the person to buy it,” said Charles Elson, the founding director of the University of Delaware’s Weinberg Center for Corporate Governance. “It’s a doomsday machine, it’s the atomic bomb, everyone gets wiped out — that’s the key.”</p>
<p>Musk <a href="https://www.dailywire.com/news/musk-reveals-during-ted-talk-that-there-is-a-plan-b-if-twitter-rejects-his-offer-to-buy-the-company">revealed</a> during a TED Talk last week that he had a plan in place if Twitter blocked his attempt to buy the company.</p>
<p>“If in this case you are not successful in that the board does not accept your offer, you’ve said you won’t go higher, is there a plan B?” Musk was asked.</p>
<p>“There is,” Musk responded while smiling.</p>
<p>When asked what his backup plan is, Musk said he would discuss that at another time.</p>
<p><strong><em>Related:</em></strong></p>
<ul>
<li><strong><a href="https://www.dailywire.com/news/musk-blasts-twitter-amid-reports-they-may-reject-his-offer-posts-goldman-sachs-rating-for-company">Musk Blasts Twitter Amid Reports They May Reject His Offer, Posts Goldman Sachs’ Rating For Company</a></strong></li>
<li><strong><a href="https://www.dailywire.com/news/elon-musk-no-longer-twitters-largest-shareholder-after-another-buyer-ups-its-stake-in-the-company">Elon Musk No Longer Twitter’s Largest Shareholder After Another Buyer Ups Its Stake In The Company</a></strong></li>
<li><strong><a href="https://www.dailywire.com/news/saudi-prince-rejects-elon-musk-offer-to-buy-twitter-musk-grills-him-in-tweet">Saudi Prince Rejects Elon Musk Offer To Buy Twitter; Musk Grills Him In Tweet</a></strong></li>
</ul>

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Former Twitter CEO Jack Dorsey Lashes Out At Twitter’s Board As Elon Musk Tries To Buy Company

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Former Twitter CEO Jack Dorsey Lashes Out At Twitter’s Board As Elon Musk Tries To Buy Company