Twitter’s CEO Dick Costolo Is Stepping Down

Re:Twitter’s CEO Dick Costolo Is Stepping Down by austenallred on Thursday June 11, 2015 @06:25PM (#9702856)

>The line about 'no severance package' seems highly unusual and would lead me to assume that this was a forceful 'push' to step down.

It's rather normal for people to not get severance packages when they quit.

Costolo is remaining on the board, and got a ton of stock when he became CEO. Considering that he grew the company's valuation from $3 Billion to $23 Billion (7.6x for those doing the math), I can assure you he doesn't really need a severance package anyway.

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Re:Twitter’s CEO Dick Costolo Is Stepping Down by anon808 on Thursday June 11, 2015 @06:32PM (#9702894)

and he's also getting a nice return on his angel investment in tellapart . . . which twitter acquired a month ago for $.5 Billion.

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Re:Twitter’s CEO Dick Costolo Is Stepping Down by Mahn on Thursday June 11, 2015 @07:33PM (#9703114)

That sounds a bit sketchy, did no one call him out for that?

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Re:Twitter’s CEO Dick Costolo Is Stepping Down by kyllo on Thursday June 11, 2015 @08:40PM (#9703341)

"Conflict of interest" is not a phrase found in the Silicon Valley dialect of English

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Re:Twitter’s CEO Dick Costolo Is Stepping Down by truthsayer1980 on Friday June 12, 2015 @11:16AM (#9706382)

Usually this is structured in a way that it's 100% legally safe like in: "I was not part of the decision (but people who highly depend on me were)"

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