4 ms·
Fair point. Agreed on the surgical layoffs. I assumed that Twitter's culture was rotting very deeply already since they haven't made much progress for a long ti
by dmak 4y ago
Fair point. Agreed on the surgical layoffs. I assumed that Twitter's culture was rotting very deeply already since they haven't made much progress for a long time.
- jesuscript 4y agoThere’s an underlying fact that the committee of people didn’t care about Twitter as a company right? That if you believe in your company and the welfare of your workers, and you believe Elon is a threat to them and your vision of whatever modern communication Twitter serves, then you wouldn’t sell it to him. But they did right? As in the group lacks conviction. There was not a single stipulation in that sale that said “please keep our people on for X amount of time”. They took the cash and bounced.
- dmak 4y agoThat was a hard red pill to swallow.
- papercrane 4y agoThe board represents the shareholders, of course they were going to take an over market offer. If they hadn't they'd be mired in shareholder lawsuits til the end of time.
- lmm 4y agoOh sure. The board and upper management were inept and ineffectual, I don't think anyone will argue otherwise. But so what?
- drc500free 4y agoThe management and the shareholders are not the same thing. The board represents the shareholders, not the management. If they don't take the offer they get sued for breaching fiduciary responsibility.