Wednesday Buzz: One CEO, Two Publicly Traded Companies
Jack Dorsey shows it’s possible to run two companies at once. Plus: how to come back to work not dreading that email inbox.
Talk about a crazy role model.
Microblogging platform Twitter and mobile payments system Square are publicly traded companies managed by one person: Jack Dorsey.
How does he do it? The companies aren’t exactly easy to manage, what with investors worrying about Twitter’s challenges in growing its audience and Square struggling to gain a foothold in a crowded payments industry.
Dorsey plows through company-related demands by sticking to a rigorous and structured schedule that allows for only six hours of sleep a night, the Wall Street Journal reports.
After his morning coffee (Blue Bottle all the way), Dorsey divides his time: Twitter in the morning, Square in the afternoon. Meetings are conducted during car rides, over the phone, or at company headquarters. Dorsey also tends to leave when his allotted time for a meeting ends, even if it’s still going.
It’s like this every day. Dorsey relies on meditation and exercise to help keep him grounded.
The situation isn’t unheard of: Steve Jobs managed both Apple and Pixar during the height of their respective successes. Dual management does force some compromises, however.
“A classic CEO should have his hands in everything: financials, operations, personnel,” Eric Flamholtz, a professor at the UCLA Anderson School of Management, told the Journal. (Dorsey knows this; he gets reports from the vital departments at both companies.)
But managers know that pressure is on to produce results and please investors. “The results will be apparent over the next few quarters,” Suhail Rizvi, an investor in both Square and Twitter, told the Journal through a spokesperson.
Wish him luck.
Tweet of the Day
With the holiday season nearly in full swing, out-of-office messages are keeping pace. (Here are some of the funniest HubSpot found.)
Email pileup can be overwhelming when getting back to work after a holiday vacation. Minda Zetlin at Inc. suggests ways to prepare for the deluge ahead of time.
More Links For Your Holidays
Things may be heating up in the messaging space. Google is reportedly crafting a messaging app that includes a feature with an artificial intelligence bot, the Wall Street Journal reports. Look out, Facebook Messenger.
Have goals for the next year? Are they ambitious? Maybe you should go “the extra inch instead of the extra mile,” Patrick Allan at Lifehacker writes. Read what he has to say about avoiding burnout while still aiming high.
Get into an innovative mindset for 2016. CMS Wire‘s Dom Nicastro highlights a few starting points for your own innovations.
The team here at Associations Now wishes you a great holiday and a happy new year! See you in 2016!
Twitter and Square CEO Jack Dorsey. (cellanr/Flickr)