Cobb left Block on July 31. He had come out of retirement to run the tax services company. Thomas A. Gerke, who holds the executive positions on an interim base, will resume his duties as general counsel and chief administrative officer on the same date.

Jones was given a compensation package worth slightly more than $10.5 million, including salary, bonus and long-term compensation.

He receives a base an annual salary of $995,000 and a cash sign-on bonus of the same amount. The latter must be repaid if he leaves voluntarily without good reason before February 18. Jones was granted 73,906 stock options that are valued at $1,375 million at an option price of $29.72 per share and 138,748 restricted share units which a grant date value of $4,125,000. These begin vesting annually in equal amounts over three years starting with the first anniversary of his employment.

Jones was also granted equity awards under Block's long-term incentive plan, valued at $3,182,000 on the grant date.

From September 2016 until March 2017, Jones was president of ride sharing at Uber Technologies. News reports say that his short tenure there, which came in a period of turmoil, was because he saw no chance for moving up the coporate ladder and that the job was not what he had envisioned.

Before working at Uber, he served as EVP and Chief Marketing Officer at retailer Target from April 2012 to September 2016.