4 ms·
Unfortunately I think the biggest red flag is one that doesn't become widely publicized, and I don't know if it happened in this case: a well-respected senior h
by lordnacho 4y ago
Unfortunately I think the biggest red flag is one that doesn't become widely publicized, and I don't know if it happened in this case: a well-respected senior hire comes into the firm and leaves quickly, after discovering the mess. Excuses are made if it does become public, but most people brush it off as not clicking with the culture.
Someone I know joined a rather large investment firm and this happened. I only knew about the mess because I'm friends with him, but oh boy it was a mess. Guy moved on, doesn't mention it anymore, but will tell you if you know him.
Similar story with a major international bank. Friend goes in, sees a load of bodies (board members doing shady things), leaves. Nothing to report.
- Scoundreller 4y agoOr a sudden change of course of the business and simultaneous departures. Obviously not everyone was on-board. When the RIAA went started suing mp3 downloaders, the CEO left for “family reasons”, but a few decades later it came out that they saw downloading music off the internet as their future business model. Napster was a representation of her vision of a virtual jukebox that could play any song ever made. (Can’t remember for the life of me which documentary she was filmed describing that) https://en.m.wikipedia.org/wiki/Hilary_Rosen https://en.m.wikipedia.org/wiki/Hilary_Rosen
- trenchgun 4y agoPossibly. https://cryptoslate.com/alameda-research-co-ceo-quits-crypto-in-pursuit-of-happiness/ https://cryptoslate.com/alameda-research-co-ceo-quits-crypto...
- trenchgun 4y agoYou were absolutely correct. https://forum.effectivealtruism.org/posts/xafpj3on76uRDoBja/the-ftx-future-fund-team-has-resigned-1?commentId=GoDd83K7ipktDtWWs#GoDd83K7ipktDtWWs https://forum.effectivealtruism.org/posts/xafpj3on76uRDoBja/...
- kjellsbells 4y agoReminds me of the debacle at the NRA, when Oliver North joined and rapidly left. I think we're all still waiting to get to the bottom of that one.