Twitter to Jack Dorsey: Give up Square if you want to be permanent CEO

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If Jack Dorsey wants to be the permanent CEO of Twitter, he'll need to give up his job as CEO of Square.

That's pretty much the only way to interpret a note that Twitter's board posted on Monday, saying it would only consider candidates who could make a "full-time commitment" to the job. The board said its search was proceeding with "urgency," but that it would take all the time necessary to find the right person.

If Dorsey wants to be that person, it would mean giving up his commitment to Square, the payments company he cofounded in 2010, where he still serves as CEO. When Twitter's board named Dorsey its interim CEO after Dick Costolo announced he would be stepping down on July 1, Dorsey said he would remain as CEO of Square for the time being. Read more...

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