Twitter CEO Jack Dorsey has a lot of money. So much so, that he’s giving a lot of it back to Twitter’s workforce.
Dorsey tweeted Thursday that he’s giving roughly one third of his Twitter stock back to the employee equity pool, meaning it can be dispersed throughout the company to employees. Dorsey has roughly 22 million shares of stock, according to an SEC filing, and said in his tweet that he has giving back exactly 1 percent of the company. That’s roughly $200 million in stock.
"As for me," he tweeted, "I’d rather have a smaller part of something big than a bigger part of something small. I’m confident we can make Twitter big!"
It’s a generous gift, and one that should help him win back a few brownie points with employees just a few weeks after laying out roughly 8 percent of Twitter’s workforce.
This is also the second week in a row Dorsey has given away millions in stock. Last week, when Square filed documents indicating it plans to go public, Dorsey said that he would donate 40 million shares to charity.
⚡️ I'm giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.— Jack (@jack) October 23, 2015
As for me: I'd rather have a smaller part of something big than a bigger part of something small. I'm confident we can make Twitter big! ✌️— Jack (@jack) October 23, 2015
This article originally appeared on Recode.net.