Dorsey wanted Musk on Twitter’s board, but directors were too ‘risk averse’

According to texts revealed in discovery, Dorsey, the former CEO of Twitter, tried to get Elon Musk on Twitter’s board, but could not do so because he claimed the company’s directors were too risk averse. In a text message to Musk on March 26, Dorsey wrote:

The board is just super risk averse and saw adding you as more risk.

Dorsey said he thought the board’s approach “was completely stupid and backwards.” But said his power was limited because he only had one vote, and 3% of company, and no dual class shares. A little over a week later, Musk announced plans to join the board, before he decided to make an offer to buy the company.