Elon Musk Points Out That With Jack Dorsey Departing in May, ‘The Twitter Board Collectively Owns Almost No Shares!’

The situation continues to evolve with Elon Musk’s attempted Twitter takeover and today, as he addressed co-founder Jack Dorsey’s upcoming board departure.

Investor Chris Bakke tweeted out a screenshot of the Twitter board members earlier, which includes Dorsey, as we previously noted.

Dorsey stepped down as the CEO last November in a move that Candace Owens warned at the time could lead to more censorship and he also announced that he would depart the board in May.

Bakke sarcastically declared in the tweet, “Elon Musk is in for a bad time. I’m not sure he’s prepared to take on a couple PhDs, a few MBAs, and a Baroness who use Twitter once a year (to reset their passwords) and collectively own 77 shares of the company.”

Musk then replied, “Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.”

In the screenshot, the combined amount of ownership of the other board members was just a shade over 0.1%.

Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.

— Elon Musk (@elonmusk) April 16, 2022

Prior to the Bakke tweet, James Stephenson quote tweeted another Twitter user and noted, “One of Twitter’s board members has never logged in to Twitter.”

“Imagine a Comcast board member who has never seen television,” Stephenson lamented along with a laughing face emoji.

Musk responded to Stephenson with an exclamation point.

!

— Elon Musk (@elonmusk) April 16, 2022

Dorsey confirmed his departure yesterday in a reply to a tweet by journalist Susan Li, who said, “I believe @jack is stepping down from the #Twitter board this year & likely in early May.”

“Already announced full resignation from company, including board, back in Nov.,” Dorsey reiterated in a reply.

already announced full resignation from company, including board, back in Nov.

— jack⚡️ (@jack) April 16, 2022