Jack Dorsey is having it ALL, you guys.
He's the CEO of Twitter again and remains the CEO of Square which he has been getting ready to take public for months. Well, guess what? Square is ready to go and it even filed its Form S-1 today.
Life is good in Dorseyland.
But there's always that one undermining friend who can't just be happy for you. In Jack's case that appears to be the United States Securities and Exchange Commission, which is making Jack and his team take a long, hard look at what all his jobs might mean for people that want to buy Square stock.
And because the SEC is such an underminer, you'll find this little included in the "Risk Factors" section of Squares filing.
Our future success is significantly dependent upon the continued service of our executives and other key employees. If we lose the services of any member of management or any key personnel, we may not be able to locate a suitable or qualified replacement, and we may incur additional expenses to recruit and train a replacement, which could severely disrupt our business and growth. Jack Dorsey, our co-founder, President, and Chief Executive Officer, also serves as Chief Executive Officer of Twitter. This may at times adversely affect his ability to devote time, attention, and effort to Square.
Sure, Square also discloses that it's in a super-competitive space (one that includes nascent juggernaut ApplePay among a legion of others) and could be subject to draconian regulation not yet dreamt of in our philosophy, but does it really need to make Square talk about Jack's jobs?
Drink your Haterade, SEC.