Dick Costolo, CEO of Twitter and a University of Michigan alum, delivered the school’s 2013 commencement speech this past weekend – beginning with, of course, a tweet.

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It must be tough being a high-profile person and keeping your family out of the limelight (or the tweet light, if talking about Twitter’s CEO, Dick Costolo. Which we are.).

But with the perks, comes those ooh’ing and ahh’ing about them in envy.

And when you have a famous basketball player land a slam dunk after jumping over your kid’s head, what do you expect?

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Did you know that 79 percent of Inc 500 CEOs and 30 percent of Fortune 500 CEOs have an active presence on at least one social network?

Twitter leads the way, commanding a healthy 50.3 percent share amongst chief execs, ahead of LinkedIn (47 percent) and Facebook (45 percent), with Google+, as usual, taking home the wooden spoon (12.1 percent).

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We’ve been here before: CEOs don’t do social.

And, despite the massive growth in social networking over the past few years – 2012 was the biggest year that the social world has ever seen – that attitude doesn’t appear to be changing.

In 2010, just 16 percent of CEOs worldwide had a presence on one or more social media sites. Two years later, that number is up a whisker to 18 percent.

Hooray?

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Think you have what it takes to run Twitter?

Sure you have some awesome ideas about how Twitter should use direct messages and ways it could grant free hippy-like API access and such, but unless you have nerves of steel, like making people debate and are okay with living every day knowing “no one is going to like you”- then maybe you don’t have the chops to lead Twitter. And maybe you can’t be a CEO at all! How sad for you.

That sad little bit was quoted from Twitter’s CEO Dick Costolo, not me, by the way – I think he seems perfectly likable. Though his eyes DO look a little crazy in some pics.

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Over on his Tumblr blog, Twitter co-founder, former CEO and, currently, Executive Chairman Jack Dorsey has responded to The New York Times piece we covered yesterday, which proposed that Dorsey had taken a reduced role at Twitter, Inc.

His response? It’s true, he has stepped back at Twitter. Quite a bit, in fact – he only works Tuesday afternoons.

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Fortune magazine has a cracking piece that takes a (lengthy) look at Twitter’s past and present, and how “boardroom power plays, disgruntled founders, and CEO switcheroos”, alongside a number of poor technical decisions, has left the key players at odds with each other, the rest of the board largely impotent and the users, always the most important part of the equation, increasingly dissatisfied with the service.

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Read all about it at the official Twitter blog.

The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter to get us there.

This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build.

This is why I have decided to ask our COO, Dick Costolo, to become Twitter’s CEO. Starting today, I’ll be completely focused on product strategy.

The post is written by former CEO Evan Williams (@ev). Unfortunately, neither Evan nor Dick (@dickc) appear to be very good at using Twitter themselves, at least in a real-time sense, as both are still showing their previous titles in their Twitter bios.

In your own time boys.