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mrisoli | 3 years ago

What seemed quite common for me was(working in European startups): Company gets investment from american investors, investors either recommend synergy with products or bring some trusted executives, new executives bring in their own crew especially at the director/higher management level, goes on to favor their decisions over others who have either more experience or knowledge about the company/product.

Goals are not met, either due to external circumstances or because executive applied strategies they were familiar with from previous gigs but don't fit the reality of that company, executive steps down "voluntarily", their pawns are let go shortly afterwards, hire new executive in place, back to step 1.

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hobs|3 years ago

I just worked there, and it made me laugh when the leaving executive got a special puff piece on the parent company's website about his "journey" - a journey that involved buying the company, missing the mark entirely about its profitability, and then failing for 2 years to do anything about it with external contractors by the truckload.

It'll probably work somewhere else though, right?