Trending

Filed under: News

 

Tech Takeover: Jack Dorsey Joins Sheryl Sandberg On Disney Board

Dec 23 2013, 3:51pm CST | by

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

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

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" 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.

 

 

Comments

blog comments powered by Disqus

Latest stories

Jordan XX9 Running Shoes Introduced
Jordan XX9 Running Shoes Introduced
With oodles of pixels involved in its makeup, the Jordan XX9 is a new brand of highly sophisticated running shoes by Nike.
 
 
Dropbox Acquires Photo Sync App Loom and Document App Hackpad
Dropbox Acquires Photo and Document Management Startups Loom and Hackpad
Dropbox has become a black hole for apps. It has acquired two more startups, the document collaboration tool Hackpad and photo management app Loom as fundamental assets in its list of possessions.
 
 
Laura Prepon Tom Cruise Dating
Laura Prepon Tom Cruise Dating
Laura Prepon and Tom Cruise are dating secretly in Tinsel town. The two seem absolutely smitten with each other.
 
 
Porsha Stewart Charged
Porsha Stewart Charged
Porsha Stewart has been charged over her recent catfight with fellow Real Housewives of Atlanta star Kenya Moore. Arrest warrant issued for the beautiful ROHA star, Porsha Stewart.
 
 
 

The Hottest Photos of Victoria's Secret Fashion Show 2013

 

Viral Stories the Web