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klyrs
on April 21, 2024
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Influential women's tech network shuts down unexpe...
Sincerely: you don't sound very business-savvy, if you think five executives are just gonna eat a 20% pay cut like that.
Dalewyn
on April 21, 2024
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If executives kill their organization because they take out too much in pay relative to revenue and other costs, yeah they aren't very business savvy indeed.
Apocryphon
on April 21, 2024
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Maybe that compensation was tied to some gameable metric like adjusted EBITDA as so many startups do. Or free cash flow like at Warner Brothers.
https://variety.com/2024/biz/news/warner-bros-discovery-davi...
klyrs
on April 21, 2024
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Bain Capital disagrees!
readthenotes1
on April 21, 2024
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Bain Capital only destroyed other businesses. The business of plundering other businesses remained solvent.
klyrs
on April 21, 2024
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Fascinating. An individual pirate is a business slouch; a team of pirates is a business savant?
Dalewyn
on April 22, 2024
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Business is fundamentally a question of how to rip someone off without pissing them off.
Apocryphon
on April 22, 2024
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To bring this discussion full circle, sounds like those executives were quite business-savvy after all.
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