TYSONS CORNER, Va., August 2, 2022 - MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest independent publicly-traded business intelligence company, announced today that, as of August 8, 2022, Michael Saylor will assume the new role of Executive Chairman and Phong Le, the Company’s President, will also serve as the Company’s new Chief Executive Officer and as a member of the Board of Directors. Mr. Saylor will remain the Chairman of the Board of Directors and an executive officer of the Company.
Michael Saylor has served as Chief Executive Officer and Chairman of the Board since founding MicroStrategy in 1989 and taking it public in 1998. Under Mr. Saylor’s leadership, MicroStrategy has become a global leader in business intelligence, serving the largest most respected enterprises and government organizations in the world. It has also been a technology pioneer in the fields of relational, web, mobile, and cloud analytics. More recently, MicroStrategy became the first publicly traded company to adopt bitcoin, a revolutionary financial technology, as its primary treasury reserve asset. As Executive Chairman, Mr. Saylor will focus primarily on innovation and long-term corporate strategy, while continuing to provide oversight of the Company’s bitcoin acquisition strategy as head of the Board’s Investments Committee.
“I believe that splitting the roles of Chairman and CEO will enable us to better pursue our two corporate strategies of acquiring and holding bitcoin and growing our enterprise analytics software business. As Executive Chairman I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations,” said Mr. Saylor.
This man lmao. Steps down from CEO, to a position where he can focus on Bitcoin more to have someone else manage the rest of the company. What the heck lmao
My 🔮🔮 prediction is that he is more interested in onchain Bitcoin and more into cold wallets and financials instead of tech and Lightning like Jack.
He also seems to be more political. Maybe he will be more on Fox News and can convince more so called conservatives 🐎🐎 who cling to Dollars for the illusion of patriotism.
Maybe he even can get active in Washington. Would love to see more openly Bitcoin politicians
Not much of a surprise. Their day-to-day software business is going through some sort of cloud transition and seems to be a lot different from its bitcoin prospects.
Looks like he's remaining Chairman of the Board. I wonder if he's doing this so that Microstrategy keeps its allocation of Bitcoin and he gets more freedom to do more Bitcoin related things...
Like the focus. However he (like many other CEOs in recent months) also probably does not want to be directly accountable over the next few years, were very difficult decisions need to be made.
He was not joking in may... he knew what is coming :)
https://twitter.com/saylor/status/1523646766549434373
PDF Source
This man lmao. Steps down from CEO, to a position where he can focus on Bitcoin more to have someone else manage the rest of the company. What the heck lmao
Bitcoin could need a second Jack.
My 🔮🔮 prediction is that he is more interested in onchain Bitcoin and more into cold wallets and financials instead of tech and Lightning like Jack.
He also seems to be more political. Maybe he will be more on Fox News and can convince more so called conservatives 🐎🐎 who cling to Dollars for the illusion of patriotism.
Maybe he even can get active in Washington. Would love to see more openly Bitcoin politicians
Counterpoint: Bitcoin doesn't need Jack or Saylor
My point should not be interpreted to mean that an individual's contributions can't be valuable.
that's not a counterpoint, I agree with that and it doesn't contradict any of my points - which are my predictions and not necessities
https://twitter.com/AriZonanHODL/status/1554590948914388992
https://nitter.it/AriZonanHODL/status/1554590948914388992 <-- Shows the thread in a single, easy-to-read, web page
Whether MicroStrategy is "prominent" is very debatable, were it not for the Bitcoin bet.
Boost for providing the nitter link
Say what you want about Saylor but his commitment is unparalleled 🤣
Not much of a surprise. Their day-to-day software business is going through some sort of cloud transition and seems to be a lot different from its bitcoin prospects.
more time for Bitcoin. Good news. He will join forces with Jack.
I might be wrong but I think he cannot code
I thought he coded micro strategy’s first product?
Oh, my bad then.
He's finally going to focus on Bitcoin.
Looks like he's remaining Chairman of the Board. I wonder if he's doing this so that Microstrategy keeps its allocation of Bitcoin and he gets more freedom to do more Bitcoin related things...
i believe he holds a controlling share of his company so it doesn't matter who is CEO
#iambuidling
Like the focus. However he (like many other CEOs in recent months) also probably does not want to be directly accountable over the next few years, were very difficult decisions need to be made.