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OK, maybe time to contradict my other reply to your post. The company in question has undergone several changes in management over the past few years. I have wi
by Throwadev 13y ago
OK, maybe time to contradict my other reply to your post. The company in question has undergone several changes in management over the past few years. I have witnessed a ton of mismanagement that results in millions of wasted dollars each year.
For example, they rewrite their entire website every two years for the past 6 years, but each time the project launches with fewer features, and results in lower traffic and lower conversions. They change datacenters about every 18 months. Revenue decreases.
They were bought by a popular PE firm and taken private. Gutted, and that's when all this started. The ownership has changed hands, but I see a constant rotation of management from a network of people connected to the PE firm. The PE firm finally did some weird stuff with chopping the company into two and selling both pieces. Now the main part of the company is owned by a private bank or hedge fund (can't remember exactly, but I can look it up).
I get the feeling that if someone looked into everything that's happened they'd uncover a lot of stuff. This has gone under the radar because it's not a public company, and there is so much turnover and a level of decoupling between upper management and the regular rank & file that no one would really know where to begin with raising flags. I'm guessing it's all legal, but shady. The PE firm has a very poor reputation, so I think the general public would be interested to dissect exactly what the fate is of a company that gets acquired by them, as a case study.
Oh well. End rant.