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I don't know if I'm shocked or impressed at how directly he states that the reason for the change is the stock market. Basically, if I'm reading this right: "O
by nickelcitymario 4y ago
I don't know if I'm shocked or impressed at how directly he states that the reason for the change is the stock market.
Basically, if I'm reading this right: "Our business is doing great! We're going to keep doing great! But the stock market doesn't agree. So even though the stock market has zero impact on our revenues or expenses, I want to keep my board happy. So we're letting you go. But it has nothing to do with the company, my leadership, or your performance. Just whiny stockholders."
I know companies do this all the time, but this seems as cold as liquid helium to me.
- nrb 4y agoThe stock market has every impact on a potential IPO next year though. I imagine their thinking is that they can get an immediate boost to gross margin by making this move without raising any alarms since they have cover by much of the sector right now, without sacrificing much in terms of delivery.