Jack Dorsey, CEO, Twitter testifies at the congressional hearing on March 25, 2021.
Jack Dorsey is no longer CEO of Block. At least he does not have the title anymore.
In an application to the SEC on Friday, the company formerly known as Square said Dorsey has changed its title to Block Head. Block updated its bylaws to reflect Dorsey’s new role and removed the requirement that the company have an employee with the titles of CEO and President.
This is another way in which Dorsey crosses Tesla’s Elon Musk, who is trying to buy Twitter, the other company that Dorsey co-founded and used to run. Last year, Musk took the title “Technoking of Tesla”, though he still continues as CEO. Musk later said his position as CEO was “a fictional title.”
Dorsey has made similar comments at least as far back as 2012, when he tweeted: “Titles, like ‘CEO’, get in the way of doing the right thing. Respect for the people who ignore titles and fight like hell for, what’s right. “
Block said it changed Dorsey’s title “at his request” on April 20. The word “blockhead” is defined as “a stupid person” in Merriam-Webster’s online dictionary.
Dorsey co-founded Square in 2009 with Jim McKelvey. The company has largely focused on payments, but has recently moved into the crypto market, primarily through its Cash App. By changing its name to Block in December, the company said its former moniker had become synonymous with its sales force to sell goods, while the rebranded “creates room for further growth.”