Jack Mallers Says He Resigned From Twenty One Capital Over Business Model Dispute

Jack Mallers, former chief executive of Twenty One Capital, responded to speculation about his departure from the company and said he opposed the firm’s operating model, not preferred stock itself. According to Foresight News, he said his objection was to running the company around financial engineering rather than cash-generating operating businesses. Mallers also said he resigned voluntarily and was not forced out. He added that if he had been pushed out, his severance package would have been different.