Jack Dorsey is the co-founder and CEO of Block, Inc., previously known as Square. Born on November 19, 1976, he has a background in technology and has been leading Block since it was established in 2009. Under his leadership, the...
Jack Dorsey is the co-founder and CEO of Block, Inc., previously known as Square. Born on November 19, 1976, he has a background in technology and has been leading Block since it was established in 2009. Under his leadership, the company focused on economic empowerment by providing tools for sellers and individuals to manage their finances. Notably, Dorsey receives an annual salary of just $2.75, and he opted out of additional bonuses or stock options in 2023, showing a unique approach to executive compensation. He also actively engages in insider trading, with his wealth tied closely to his stakes in Block; for instance, in December 2020, his holdings were valued at around $3.36 billion, though it fluctuated significantly over the years. Dorsey's commitment to sustainability and social impact is evident in Block's initiatives, aiming to make financial services accessible to everyone. Moreover, his dual role as CEO of Square and Twitter at one point raised questions about leadership focus and effectiveness, which he managed by balancing his time between both companies.