Sometimes as a company grows they need "old hands" to guide them to the "next level", i.e. transform from start-up to full-blown company with all the requisite experience that needs. Google brought-in Eric Schmidt.

In the transformation toward maturity they can engage in promoting leadership from within with guidance from acquired leadership.

Not all companies have needed that external experience, but many have.

No the board can cover their ass if something goes wrong. "Well, we brought in a proven commodity, not my fault"

Agreed. Time will tell, but I have a feeling that this is because they have some kind of "good ol boys club" and they're not comfortable with new people in their inner circle. I wonder why. I also wonder what's going to happen with the Alwaleed stake, and if they're connected to this.

I'm guessing that within 12 months Jack will not be a part of Twitter nor any other tech company.

That could easily be rational behavior on their part if the primary thing they're worried about is investor confidence.

> I'm guessing that within 12 months Jack will not be a part of Twitter nor any other tech company.

Interesting thought, especially considering the relative success both of his companies have had in the prior 12 months (in the stock market, anyway)

You don’t think Jack will still have a strong role in Square?

Noto was hired as a C-level, serving as COO (and by some reports, CEO in all but title). The only way he was getting promoted internally is if Jack quit.

Maybe they meant that SoFi should've promoted internally instead of hiring Noto.

He was originally hired as CFO and only recently became COO.

Noto spent his career at Goldman Sachs, before joining Twitter. Doesn’t seem like he’s been passed around like a worn card.