Dick Costello is confident about keeping his position

Apr 30, 2015 06:48 GMT  ·  By

Following the disappointing results of Twitter’s quarterly results, along with the alarming drop in shares derived from the premature release of the report, everyone assumed that that it had been the last drop and that Twitter’s CEO was bound to get sacked.

Everyone but himself. In an interview with Bloomberg, when asked the question that was on everyone’s lips, Twitter's CEO, Dick Costello, showed his confidence about his job’s security.

"I don’t worry about that at all," he said. "The board and I are totally aligned. Believe me, I don’t worry about that at all."

It would seem that the 20 percent drop in the company’s market value is not reason enough for Twitter to let go of its CEO.

Costello also mentioned that he had discussed the matter with the members of the board right after the stock market downfall and that they were able to talk things through.

He also said that they were focusing on the long-term project and that this phase was just a temporary one, a part of the company’s strategic plan.

Being a CEO is a stressful job

When asked about the pressure that he might experience as the CEO of one of the biggest American companies out there, Costello admitted that he sometimes succumbed to a feeling of tension, but not because he felt that his job was at risk, given that he had all the support he needed from the investors.

On the contrary, the stress of his job comes from the fact that he knows that he has a whole team of people looking up to him and expecting guidance from him.

As for the amount of criticism that he has received so far and that is bound to receive in light of recent events, Twitter’s CEO is not completely appalled. He has probably gotten used to it by now.

Regarding the leak, people should probably stop seeing the CEO as the culprit given that the Nasdaq stock market has already apologized for the "operational error" which caused the havoc within the company, Financial Times reports.

It seems that they had accidentally released the results on the investors website for just 45 seconds, which was enough for Selerity to grab them and make them public them an hour earlier than planned.