Bitcoin bull Jack Dorsey keeps role as Twitter CEO following board review

Twitter CEO and major Bitcoin bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee.

As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter's leadership as part of a March 2020 agreement with activist investor Elliott Management and private equity firm Silver Lake.

Both companies gained seats on Twitter's board of directors through investments earlier this year.

"The committee expressed its confidence in management and recommended that the current structure remain in place The board will continue to evaluate company and management performance according to a range of factors, including the company's operating plan and established milestones."

Alongside Dorsey keeping his role, the committee also proposed a plan to reduce the terms of Twitter's directors from three years to one.

Dorsey has been serving as Twitter CEO since founding the social media platform back in 2006.

In February 2020, Paul Singer - founder of Elliott Management - pushed for the removal of Dorsey as CEO of Twitter, expressing concerns about Dorsey's time being split between Twitter and payment platform Square.

Turning outward from the referendum on its own leadership, Twitter has recently joined PayPal and Ripple in an alliance encouraging free and fair voting in the United States.

In late October, Dorsey participated in a hearing before the United States Senate Commerce Committee.

Alongside Facebook CEO Mark Zuckerberg and Google's Sundar Pichai, Dorsey addressed the committee's concerns about transparency and accountability in social media content practices, particularly in regard to hate speech and freedom of political expression.