[maerF0x0]

https://archive.is/8Ffn4

Keep in mind his voting structure changed in May meaning he lost some shareholder power.

> Its use of supervoting shares, which gives CEO and co-founder Jeff Lawson a voting stake of 21.8% even though he owns only 3.7% of the stock, [1]

No derogatory remarks intended to Jeff, Jeff certainly has had great moments, but Kho is also a fantastic leader and capital allocator, who's made some truly uncanny calls (like raising in the market near the top,and share buy back near the bottom). I think Kho is the right person for the job in the times that Twilio finds themselves. It's something I've hoped for for years, as a shareholder. Jeff deserves praise for the humility to step down and promote from within a well groomed and talented successor.

[1]: https://www.theinformation.com/articles/twilio-set-to-lose-s...

[adam_arthur]

Any exec who actually tries to sell the stock high, and buy it low is a winner in my book.

Most just follow the crowd and do shareholder dilutive buybacks at nosebleed valuations.

If you can buy a long duration US treasury yielding more than twice what your shares yield, maybe stop to think before doing any buybacks.

Though I've written it up to mostly short term-ism towards increasing their own compensation through pressuring share price in the immediate term. The alternative is that all these CFOs and others are financially illiterate or incompetent

[maerF0x0]

Reminded me of another point on the board for Kho, He was smart enough to grab a billion in 10yr bonds at like 3% which was genius for the growth rate (if you can grow money at 10% then you should take every penny you can get below that).

https://www.spglobal.com/marketintelligence/en/news-insights...

The only party he missed was putting our cash reserves in BTC. (which is an inside joke). It would have made the money like $4-5B based on the time of the suggestion. I think investors will be happy to hear he flatly outright said no to that. It looked like a missed opportunity (at $64k)... until it didn't. (back at $16k)

[csharpminor]

Agree with this. For folks not familiar with Twilio leadership, I would liken Kho to Twilio's version of Tim Cook. For the size and stage of growth that Twilio's at, he's the best possible replacement for Jeff.