Twitter founder Jack Dorsey has confirmed on his personal Tumblr that he indeed doesn't work as much as he used to with Twitter, an assertion made in this weekend's Nick Bilton's profile of Twitter CEO Dick Costolo in The New York Times. After returning from a hiatus from the company in 2011, he now only works Tuesday afternoons devoting more of his time to Square, another start-up he founded, he says. His reasoning for the light schedule differs from Bilton's, who wrote his time at Twitter was scaled back "after employees complained that he was difficult to work with and repeatedly changed his mind about product directions." For his own part, Dorsey makes it sound like it was all a part of the plan. He writes:
In Spring of 2011, Dick asked me to take an operational role overseeing product, design, and brand. Our shared goal was to get those organizations back under him as soon as possible, simply because it was the right thing to do for the company. We moved all of my reports back under him in January of this year after leadership was firmly in place. This allowed me to focus on refining our brand and logo, to work more with Dick and the leadership team on our direction forward, and ultimately return the majority of my time to Square, where I’m CEO. I’m back to going to Twitter on Tuesday afternoons, something I started before taking the interim operational role.
Dorsey's transition means that all three Twitter co-founders (Biz Stone and Evan Williams both already are focusing on other projects these days) are no longer involved in the company's day-to-day affairs. As Bilton puts it, Costolo is "essentially running the business alone."