Dorsey's Twitter Stock Gift Well-Timed To Stem Brain Drain: Recruiters

[Ron Burgundy]

By Alexandria Sage and Deborah M. Todd SAN FRANCISCO (Reuters) - Twitter Chief Executive Jack Dorsey's novel move to give a third of his company stock to an employee equity pool is a smart gesture to restore confidence in a company that lost its way, according to recruiting and compensation experts. "It's a deliberate and wise and somewhat necessary move to shore up the talent you want to keep," said recruiter Jason Hanold, who places executives and top managers in the technology industry. Twitter co-founder Dorsey, who was named permanent CEO earlier this month, made a surprise announcement late on Thursday that he would give shares worth $206 million to the company for free, in order to "reinvest directly in our people." Shares of Twitter, which have fallen 44 percent in the past six months, closed up 3.9 percent on Friday.

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