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Re: NWs notes

By: nxtflatpanel in ALEA | Recommend this post (0)
Wed, 15 Aug 12 6:37 PM | 58 view(s)
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Msg. 09351 of 54959
(This msg. is a reply to 09350 by Cactus Flower)

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Then you would need to fire the CEO. That's where those decisions are made in a company that size (and bigger).

War story ... working in a company that had gone from $30m to $400m over the course of several years. The law of large numbers came into effect after $200m and the growth rate slowed. Instead of focusing on $500m - $600m the CEO decided he wanted $1b the next year and we should staff to that level or be fired. 2 people resisted, I was one of them. The demand wasn't there. We could see it in the forecasts worldwide. I sold every share I had. I hired some, but not to the level the CEO wanted but he couldn't fire me because my org wsa the leader in the company. Next year comes, everyone has to layoff all the new people they hired plus more because the balance sheet sucked and the sales didn't support the people. The company still exists, on life suppport, as a shadow of its former self.




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"I so sure of not having a reverse split that I will go on record and say that I will sell all my stock if that happens." snackscum, January 11, 2013


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The above is a reply to the following message:
Re: NWs notes
By: Cactus Flower
in ALEA
Wed, 15 Aug 12 6:26 PM
Msg. 09350 of 54959

Hi tkc,

I am not sure how you hold all the sales people accountable for a lack of traction against a product for which there remains little demand.

The person who made the error was the person who misread the market and hired them all, without taking the precaution to fund the initial stages of the process. That person should have lost their job. It was a reckless decision.

The global market currently isn't ready. An organic approach to growth and hiring looks like it would have made more sense.


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