UPDATE: SunTrust's Peck on Twitter: Confidence in Dorsey as Co. CEO is 'Critically Important' for Three Reasons

by Paul Quintaro, Benzinga Editor
September 28, 2015 12:27 PM | 16 seconds read | Make a Comment
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  1. "It shows a coalescence of support around Mr. Dorsey;
  2. The public vote of confidence by key shareholders gives support for a CEO decision that was previously ruled out - it enables the board to prioritize fiduciary responsibility over prior statements;
  3. likely eliminates any other "serious" candidate, with them seeing the support for Mr. Dorsey.
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