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by temphnaccount
1590 days ago
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This is purely result of the outcome. They threw the guy under the bus while they invested heavily in the same guy just few years back. It's not like Foley suddenly changed his personality after these guys gave him money. They found him interesting enough to invest with him. (As an aside one can even argue that these investors go out of their way to invest in CEOs who act like psychos as those are the ones who have higher probability of giving those 100x returns). If it had worked, everyone including these same investors and media would hail him as crazy genius ie next Steve Jobs. They were quite happy with him while things were running smooth but as it soon as things went south, he became the worst ever CEO and suddenly Peleton became the worst managed company in history? |
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