FT News Briefing Jack Dorsey exits Twitter
Nov 30, 2021
Jack Dorsey has stepped down as CEO of Twitter after 15 years, paving the way for Parag Agrawal. The leadership transition highlights the pressures of corporate accountability in tech. Meanwhile, Glencore faces calls to divest its thermal coal business amid rising environmental concerns. Additionally, Pfizer's dominance in the COVID-19 vaccine market is explored, revealing both its strategic advantages and the challenges of equitable distribution in a fast-evolving pandemic landscape.
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Glencore's Coal Business
- Bluebell Capital Partners is urging Glencore to spin off its thermal coal business.
- They argue Glencore's current plan to gradually close mines is inadequate.
Dorsey's Planned Exit
- Jack Dorsey's resignation was planned for over a year, following Elliott Management's pressure.
- Dorsey remained CEO until Parag Agrawal's succession was ready.
Agrawal's Strengths
- Twitter chose Parag Agrawal, an experienced insider, as CEO.
- Agrawal is known for his deep understanding of issues and collaborative approach.