The problem with CEOs like Riccitiello is he is so focused on making money that he doesn’t understand how to build a business. He is looking for existing processes to monetize instead of finding new ways to generate revenue. He’s unimaginative and it’s killing any business he runs. The people want to buy a product, not buy into a scheme.
And the telling thing is that the share holders are keeping him in post. They either don’t have a long term interest in the business, or support him, and even if he goes, the rot is still there. The larger shareholders should be seriously reflecting on how is on the board and applying significant pressure to change that if they care about the long term of the company.
The problem with CEOs like Riccitiello is he is so focused on making money that he doesn’t understand how to build a business. He is looking for existing processes to monetize instead of finding new ways to generate revenue. He’s unimaginative and it’s killing any business he runs. The people want to buy a product, not buy into a scheme.
And the telling thing is that the share holders are keeping him in post. They either don’t have a long term interest in the business, or support him, and even if he goes, the rot is still there. The larger shareholders should be seriously reflecting on how is on the board and applying significant pressure to change that if they care about the long term of the company.