3 ms·
My experience has been that "spin off" CEOs are often there only so they can check a "CEO experience" box in the hope that it will help them climb higher in the
by SaberTail 2y ago
My experience has been that "spin off" CEOs are often there only so they can check a "CEO experience" box in the hope that it will help them climb higher in the larger corporation. This leads to all sorts of bad decisions and a pretty miserable environment because they don't actually care about building something that will be successful and endure. They only care about speedrunning the experience they think a CEO needs so they can talk about it when interviewing for something better.
- Aromasin 2y agoIt does feel that way. They are an ex-division executive. If anything, I feel like this could be a case of them getting nicely managed out while building out that CEO experience before they go off and retire successfully into the sunset after making a shit tonne through an IPO, ignoring the gutting of the company they've done to make sure the short term balance sheet looks good; while the long term viability of it is in shambles.