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They got pissed about a multi-million dollar investment because a founder spent (financed?) $100k on a car?
by Domenic_S 4y ago
They got pissed about a multi-million dollar investment because a founder spent (financed?) $100k on a car?
- ChrisMarshallNY 4y agoIt was the optics. I suspect he ordered it long before the payment, and it would not surprise me if he could afford it (way more than $100K, with his trim package), without the money from the deal. Several of the principals were independently wealthy. However, Japanese executives make a fraction of what US execs make, and work in more difficult conditions. VPs that control billion-dollar budgets have desks that schoolteachers would sniff at. Like I said, optics. It’s not a good idea to piss off people that sign the checks, or will have your back, when you report failure.
- daniel-cussen 4y agoYeah he could buy that car at a different moment after a significant success, in that case no problem. It looked like squandering all the work the Japanese put into the deal.
- HWR_14 4y agoI mean, yes. If everyone else is nose the grindstone to get something out door and feels on the verge of failing, then buying a new car is a leadership failure. Not because it's necessary bad in and of itself, but because it makes everyone else feel bad.