Anterior TwitterJack Dorsey, the CEO of the company, criticized its board on Sunday in a series tweets. The group was now charged with reviewing a bid by billionaire Elon Musk to buy it.

Dorsey responded to a Twitter user who described the “plots, coups”, which occurred early in Twitter’s history. repliedIt’s been “consistently the dysfunction of company.”

He also responded earlier to another tweet from the same thread. Venture capitalist Fred Destin was quoted in the tweet, citing a “Silicon Valley proverb:”Good boards don’t make good companies. But a bad board can kill a company.”

Dorsey responded, “big facts.”

Dorsey is still a member of Twitter’s board, but he plans to leave when his term ends at the 2022 meeting for shareholders. This event will be held in late May.

At the moment, members of the board are examining TeslaMusk offers $43 billion to purchase the company and make it public. It’s also reportedly fielding additional interest. Twitter’s board was updated Friday adopted a so-called poison pill — a limited duration shareholder rights plan that would allow shareholders to buy stock at a discount if any one person or entity amasses at least 15% of outstanding common stock without the board’s prior approval. Musk revealed recently that he holds a greater than 9% share of the company before submitting his bid for takeover.

Although the board stated that the plan wouldn’t prevent them from reaching a deal in their best interest, it would reduce the chances that an entity, person, or group will gain control of Twitter via open market accumulation. It would also not pay all shareholders a control premium. The Board would have sufficient time for informed judgements and to take the actions in the Board’s best interests.

Dorsey also co-founded and was the CEO of the company. fired from the role in 2008He was then replaced by another co-founder. He returnedTo lead the company for 2015

Musk posted Saturday that the Twitter board had almost no shares after Dorsey’s departure. They are not interested in shareholders’ economic interests, which is objectively true.

Dorsey recently notedHe said that he ended up “with very little” of the company because many of his shares were taken by it when he was fired. According to him, he also donated 1% of his company’s shares back to employees in 2015. According to FactSet Dorsey, the second largest shareholder after Musk with 9.1%, still holds 2.25%. According to FactSet, Silver Lake (whose CEO Egon Davan is also a member of the Twitter board) owns 0.26 percent. According to FactSet, Vanguard Group holds a 10.29% share of the company’s largest institutional shareholder.

Twitter didn’t immediately reply to our request for comment.

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