11–20 of 38 posts
tl;dr since some of us won't have wsj access: “David Sacks is still the CEO of Zenefits and remains very committed to the company,” she said in a statement. “This is not a role that David sought, but he accepted it without any compensation at the request of the board to get the company past a crisis. Now that the crisis is over, David is leading a process to determine what senior talent the company needs to get to th…
Feels like an old school Friday night news drop. Man, Zenefits has had it rough in the press recently. I think Sacks has done an extraordinarily good job as CEO. Hard to put oneself in the CEOs shoes here, but this guy had to make multiple huge decisions and changes to Zenefits over the past year. Sacks' consistency of right calls and handling things deftly under a ton of pressure, I can't remember the last time a CE…
> And while putting better more interesting potential opportunities on hold. Yeah, news here is Sacks thinks this is no longer the number one opportunity in the valley. Probably when they turned their back on the enterprise market. And now internal numbers might not show rocket ship growth in SMB market. Can't "push" into 20 employee companies, and the "pull" must not be there.
Surprising. From This week in startup's interview that came out 3 days back, it appeared David Sacks had no such plans: https://soundcloud.com/twistartups/twist-e692
What I didn't know until digging tonight was after Peter Thiel founded the Stanford Review that David Sacks was one of the editors who succeeded him.
Feels like an old school Friday night news drop. Man, Zenefits has had it rough in the press recently. I think Sacks has done an extraordinarily good job as CEO. Hard to put oneself in the CEOs shoes here, but this guy had to make multiple huge decisions and changes to Zenefits over the past year. Sacks' consistency of right calls and handling things deftly under a ton of pressure, I can't remember the last time a CE…
tl;dr since some of us won't have wsj access: “David Sacks is still the CEO of Zenefits and remains very committed to the company,” she said in a statement. “This is not a role that David sought, but he accepted it without any compensation at the request of the board to get the company past a crisis. Now that the crisis is over, David is leading a process to determine what senior talent the company needs to get to th…
The "web" link allows you to access WSJ w/o any subscription.
tl;dr since some of us won't have wsj access: “David Sacks is still the CEO of Zenefits and remains very committed to the company,” she said in a statement. “This is not a role that David sought, but he accepted it without any compensation at the request of the board to get the company past a crisis. Now that the crisis is over, David is leading a process to determine what senior talent the company needs to get to th…
The "web" link allows you to access WSJ w/o any subscription.
Feels like an old school Friday night news drop. Man, Zenefits has had it rough in the press recently. I think Sacks has done an extraordinarily good job as CEO. Hard to put oneself in the CEOs shoes here, but this guy had to make multiple huge decisions and changes to Zenefits over the past year. Sacks' consistency of right calls and handling things deftly under a ton of pressure, I can't remember the last time a CE…
This was partially his mess as well since he was COO before becoming CEO, no? And he has a very significant investment in Zenefits which he made when becoming COO, so while he does not draw a cash salary, it's hard to say he is under-compensated given the investment opportunity and his ownership stake. I do think he had a very difficult job as turnarounds are tough, and he made a good effort.
There's a difference in the scale of the offense (but in either case people weren't physically harmed), but contrast this with the thread about the Wells Fargo CEO stepping down, where people here thought the CEO should go to prison for the culture he set at the company.
The SV guys get sympathy and an "'atta boy!"
I don't know why anyone would want to be the CEO of such a troubled company without either a huge golden parachute or a huge payoff in the event of an acquisition.
He was already COO. Does he bear no responsibility for the "trouble"? Do you think that falls solely on the CEO (which he ended up becoming)?
Earlier quoted context omitted.
The "web" link allows you to access WSJ w/o any subscription.
The web link does not work for every HN user. WSJ always displays the paywall for certain geo-locations, even when Google is the referrer. This applies to Germany and multiple other countries.