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But of course, the decision makers who made bad choices after the IPO are not the ones to get laid off.
by nine_zeros 4y ago
But of course, the decision makers who made bad choices after the IPO are not the ones to get laid off.
- barelysapient 4y agoThey never are.
- monero-xmr 4y agoThis isn't feudal Japan and you don't have to commit seppuku for a mistake. The executives report to the CEO and the CEO to the board, and the board to shareholders. There is a process to hold management to account.
- erehweb 4y agoSort of. DoorDash has dual class shares, though, so (at least as of a year ago) the founders control the company although they don't have the majority of the shares. https://www.freightwaves.com/news/activist-investor-group-takes-aim-at-doordash-ceo-tony-xu https://www.freightwaves.com/news/activist-investor-group-ta...