https://www.cnbc.com/2022/04/22/jack-dorseys-new-title-block-head.html

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Tech

Jack Dorsey's new title: Block Head

Published Fri, Apr 22 20226:10 PM EDTUpdated 28 Min Ago
thumbnail
Jordan Novet@jordannovet
WATCH LIVE
Key Points

  * Jack Dorsey co-founded Square in 2009, and the company changed
    its name to Block in December.
  * Dorsey says his new title is Block Head.

Jack Dorsey, CEO, Twitter testifies at Congressional hearing, March
25, 2021.
CNBC

Jack Dorsey is no longer the CEO of Block. He no longer has the
title, at least.

In a filing with the SEC on Friday, the company formerly known as
Square said Dorsey has changed his title to Block Head. Block updated
its bylaws to reflect Dorsey's new role, removing the requirement for
the company to have an officer holding the titles of CEO and
president.

It's yet another way that Dorsey is intersecting with Tesla's Elon
Musk, who is trying to buy Twitter, the other company that Dorsey
co-founded and used to run. Last year, Musk took on the title of
"Technoking of Tesla," although he still continues as CEO. Musk later
said his position as CEO was "a made-up title."

Dorsey has made similar comments at least as far back as 2012, when
he tweeted, "Titles, like 'CEO', get in the way of doing the right
thing. Respect to the people who ignore titles, and fight like hell
for what is right."

Block said it changed Dorsey's title "at his request" on April 20.
The word "blockhead" is defined as "a stupid person" in
Merriam-Webster's online dictionary.

Dorsey founded Square in 2009 with Jim McKelvey. The company has
largely focused on payments, but recently moved into the crypto
market, primarily through its Cash App. In changing its name to Block
in December, the company said its former moniker had become
synonymous with its seller business for selling goods, while the
rebrand "creates room for further growth."

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