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by concinds
1331 days ago
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It's pretty common for the CEO, CFO and general counsel to be dismissed after acquisitions in circumstances (like here) where the acquisition is a disavowal of their vision and leadership. Keep in mind there are far more executives than these three. It's less likely to happen for well-run, profitable companies that are just being acquired for talent or synergy reasons. The size of the acquired and acquiring firms, and the type of acquisition, also plays a part; if Apple buys a startup, they might want to subsume them immediately into existing projects, so they'd likely fire the CEO CFO and GC; but if Google buys Nest or Fitbit (which serve different markets than Google, and are minor hobbies that shouldn't detract from Google's organizational priorities) they're more likely to keep the entire team intact (unless they willingly exit; that's another scenario). He still communicates regularly with Jack Dorsey, so I doubt there's much knowledge and experience being lost. |
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Even then, it happens. My current company (mid sized, ~6000 employees) was recently acquired. Taken from public to private in the process. There's no broad plan to change what we do or how we do it, we are in an established market with pretty solid revenue numbers. They still axed the top three executives immediately.