Tech Takeover: Jack Dorsey Joins Sheryl Sandberg On Disney Board

Dec 23 2013, 4:48pm CST | by

Tech Takeover: Jack Dorsey Joins Sheryl Sandberg On Disney Board
Photo Credit: Forbes Business

Silicon Valley is in high demand these days, even in the happiest place on earth. Today, Disney announced that Twitter and Square billionaire Jack Dorsey was elected to Mickey Mouse’s board of directors.

Dorsey joins fellow tech royalty Sheryl Sandberg on Disney’s board. The Facebook COO has served as a director since 2010, and has recently approached billionaire status. Dorsey replaces Judith Estrin, former CTO at Cisco Systems, who served a 15 year term.

Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” Disney Chairman and CEO Robert Iger,  said in a statement. “The perspective he brings to Disney and its Board is extremely valuable, given our strategic priorities, which include utilizing the latest technologies and platforms to reach more people and to enhance the relationship we have with our customers.”

Dorsey, with stakes in the Twitter and his payments company Square, has a net worth of approximately $2.4 billion. That’s up significantly since Twitter’s recent IPO. One of Silicon Valleys’ youngest executives, the 36-year-old Dorsey is a New York University dropout who is also a certified masseur known for eclectic interests, which include punk music and high-quality blue jeans.

“I am honored and humbled to join the Disney Board,” Dorsey said in a statement. “Disney is a timeless company, one we all grow up learning from and admiring.”

Dorsey recently gave back 10% of his Square shares to the company to expand shares for employee compensation and acquisitions, according to a Fortune report.

Disney stock was up 1.22% on Monday, while Twitter continued its surge, going up 7.55%.

Follow Brian on Facebook and Twitter.

Who Will Get Rich From The Twitter IPO?

Source: Forbes Business

 
 
 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Samsung Group is Downsizing Across all Business Units
Samsung Group is Downsizing Across all Business Units
A Samsung Group communication official told reporters that the company is downsizing across all business units, including Samsung Electronics.
 
 
NASDAQ is Back at 2000 Dot-Com Bubble Level
NASDAQ is Back at 2000 Dot-Com Bubble Level
The Dot-Com force is back at the NASDAQ. It took Silicon Valley 15 years to bring back the NASDAQ to the Dot-Com Bubble Levels. With startup valuations in the billions becoming the norm, Wall Street is following up with driving up the value of public traded tech companies.
 
 
Bill Gates Tops Forbes Billionaires List Again
Bill Gates Tops Forbes Billionaires List Again
Microsoft co-founder Bill Gates is back on top of the Forbes Billionaires list.
 
 
$75,000 Apple Watch revealed
$75,000 Apple Watch revealed
When Apple's designs are not exclusive enough then there are 3rd parties who add gold and diamonds to the iGadget to make them precious. Brikk announced the Lux Watch, a diamond studded version of the Apple Watch.