Usually being a board chair is a job that involves running some meetings and pushing through routine company business, but when Bret Taylor became Twitter board chair last year, he was getting a lot more than he bargained for.
That’s quite a ride by any measure, and after all that, who would blame Taylor for being anything but relieved that the gig was over.
Truth be told, the board chair gig probably took up a bit more of his attention than he had anticipated when he agreed to take the job. But now Taylor can devote himself, fully unencumbered, to his day job being co-CEO at Salesforce, leading the CRM giant with co-founder, chairman and co-CEO Marc Benioff.
Meanwhile, Salesforce has been having some issues of its own, with its stock price down 34% this year. To be fair, many SaaS stocks are down double digits this year, but it has left it vulnerable to activist investors.
In its most recent earnings report at the end of August, the company reported revenue over $7.7 billion, putting it on a run rate over $30 billion, but that’s a fair distance from the stated goal of $50 billion in about two and a half years.
The bottom line is Taylor has a lot going on. He is co-leading a company with over 70,000 employees with activist investors breathing down the company’s neck. Getting let go by Elon Musk frees him to devote his full attention to Salesforce. And that might not be a bad thing.
With Bret Taylor out as Twitter board chair, he can focus entirely on Salesforce by Ron Miller originally published on TechCrunch