Why The Twitter Board Chose a Part-time CEO

Twitter Inc. said Monday that the board chose to make Jack Dorsey its chief executive officer, despite previously declaring it only wanted a CEO who could make a full-time commitment, because of how he was able to run both Twitter and Square while acting as interim CEO. The appointment of Adam Bain as chief operating officer also helped with the decision. Shares of Twitter were up 2.5% Monday.

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