While Twitter is a "unique asset," legendary investor Bill Miller said the company needs a full-time CEO.
"It is insane to have Jack Dorsey be a part-time CEO at a company with the issues that Twitter has," Miller said in an interview with CNBC's Scott Wapner on "Halftime Report" on Monday. "If a part-time CEO makes sense, then so does a part-time CFO, part-time chief technology officer. That just makes no sense whatsoever."
For example, Miller said that the company could simply charge the companies that use Twitter as a customer service platform. Even if Twitter loses users while overhauling its business model, Miller said the company could see see millions in free cash flow a month just by charging $1 a month for the service on remaining users.
Miller's firm recently sold half of its call options in Twitter, he said.