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It sounds as though this guy just got tired of running his company, realized he couldn't sell it for the price he wanted and decided to just walk away from it.

by mabbo 5y ago

It sounds as though this guy just got tired of running his company, realized he couldn't sell it for the price he wanted and decided to just walk away from it. He could have handed the reigns over to someone else. He could have sold for a lower price- there's always someone willing to buy if you go low enough. He could have pivoted the company to doing something he was more excited about. He could have done anything. But the most important thing he could have done was be transparent and open with the people his decisions would impact. Being a leader means you stand there and deliver the bad news, and take the heat from people mad at you. Dropping a bomb and then hiding to avoid the flak for it is a cowardly move. Adding "Ryan Carson" to the list of leaders I don't want to work for in the future.

spoonjim 5y ago
There isn’t always someone to buy a company at any price. That is definitely a myth. There are a lot of risks to an acquisition (eg sexual harassment, IP litigation, security vulnerabilities etc) and if an acquirer doesn’t think the upside is worth it, then you’d have to pay them to acquire you.
- elliotec 5y ago
  > There are a lot of risks to an acquisition (eg sexual harassment How on earth is sexual harassment a risk to an acquisition?
  - spoonjim 5y ago
    CEO has sexually harassed employees. You acquire the company and now the employee sues the company. Which is now you.
    - franga2000 5y ago
      How is that a suit against the company and not the (now former) CEO?
  - Meph504 5y ago
    When you buy a company you buy its debts and liabilities also, be it sexual harassment issues to be settled, or dumping toxic waste all of this has to be factored in to the risk of acquisition. On a side note, without knowing the details, its a bit unfair to lay all this at the CEOs door step. It very well could be he was given the boot, and as part of his exit, he is given severance with a non-disclosure agreement. Sells his house, buys a boat, and walks away, it seems more like he was pushed than it would be, I just got tired of dealing with it. Wouldn't be the first time a CEO got ousted because of a failed acquisition. I have no knowledge of him, or who he is as a person, just saying we don't know the current narrative is accurate.

by mabbo 5y ago

spoonjim 5y ago

There isn’t always someone to buy a company at any price. That is definitely a myth. There are a lot of risks to an acquisition (eg sexual harassment, IP litigation, security vulnerabilities etc) and if an acquirer doesn’t think the upside is worth it, then you’d have to pay them to acquire you.

elliotec 5y ago
> There are a lot of risks to an acquisition (eg sexual harassment How on earth is sexual harassment a risk to an acquisition?
- spoonjim 5y ago
  CEO has sexually harassed employees. You acquire the company and now the employee sues the company. Which is now you.
  - franga2000 5y ago
    How is that a suit against the company and not the (now former) CEO?
- Meph504 5y ago
  When you buy a company you buy its debts and liabilities also, be it sexual harassment issues to be settled, or dumping toxic waste all of this has to be factored in to the risk of acquisition. On a side note, without knowing the details, its a bit unfair to lay all this at the CEOs door step. It very well could be he was given the boot, and as part of his exit, he is given severance with a non-disclosure agreement. Sells his house, buys a boat, and walks away, it seems more like he was pushed than it would be, I just got tired of dealing with it. Wouldn't be the first time a CEO got ousted because of a failed acquisition. I have no knowledge of him, or who he is as a person, just saying we don't know the current narrative is accurate.