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Twitter co-founder Jack Dorsey joins Disney board of directors

By Daniel S Levine,

Jack Dorsey, the co-founder of Twitter, is the latest to join The Walt Disney Company’s board of directors. The media conglomerate also said that CEO Bob Iger’s compensation actually fell in 2013.

Dorsey sent the very first tweet back in May 2006, writing “Just setting up my twttr.” Since then, the micro-blogging platform, which allows users to send messages of 140 characters or less, has over 230 million users, sending 500 million tweets a day.

“Jack Dorsey is a talented entrepreneur who has helped create groundbreaking new businesses in the social media and commerce spaces,” Iger said in a statement. Iger added that Dorsey’s experience and perspective should be “extremely valuable” to Disney, “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 said he was “honored and humbled” to join the board.

Of course, he used Twitter to make the announcement his own way, tweeting a famous quote from Walt Disney and sketches of Mickey Mouse.

According to The Hollywood Reporter, Disney announced Dorsey’s role in a regulatory filing. It also said that Iger’s pay dropped to $34.32 million in 2013, a 14.7 percent fall from last year.

Disney recently scored a big hit with the animated film Frozen. This weekend, Oscar contender Saving Mr. Banks opened.

image: Wikimedia Commons

 
 

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