Earlier quoted context omitted.
Shouldn't the law prevent the CEO from doing just that? I mean, the board is presumably the only check on the CEO's power, so even if the CEO is the majority shareholder, they shouldn't be able to control the board.
No. What's the worst they could do? It's their company. Worst case the CEO runs it into the ground and everyone loses their money. CEO =/= President of the United States.
Hype and plunder: Domo a new low for self-indulgent IPOs
91–100 of 167 posts
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#92Earlier quoted context omitted.
Practically speaking Satya Nadella runs MSFT, not the board of directors. Nadella does not have control of MSFT (he isn't the majority holder of shareholder voting rights), though. Investors don't want to run the company. But the question is should they be able to fire the person running the company, even if that person is acting against the interests of the rest of the shareholders. * ps, yes, the BoD can fire a CEO…
> Investors don't want to run the company. Sometimes they do - I've certainly seen it happen at one company I've worked at, to the point where the board decimated engineering.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#93Earlier quoted context omitted.
I know. I also listed some (Qualtrics, Adobe). However, I have no way of telling if some of the companies on your list are any more legitimate than Domo, which has for years been heralded as a legitimate tech company in the area. To clarify (since not all of the companies you listed are in Utah Valley), my criticism was directed specifically at Utah County, not the whole state (i.e. not Salt Lake City or Davis county…
I don't know why people never mention https://instructure.com for Utah startups but I work for them and they seem great!
strong engineering culture. great products. really, really smart people. management that understands the value of management (and what can be detrimental of management).
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#94Earlier quoted context omitted.
No. What's the worst they could do? It's their company. Worst case the CEO runs it into the ground and everyone loses their money. CEO =/= President of the United States.
And people lose their jobs, and get kicked out of their homes, etc.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#95The strange thing is the self dealing. The founder is already wealthy. Why create the risk of a stink to get a little more money? The damage to the IPO is much higher than whatever he pocketed. This is the true hubris.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#96I first heard of Domo last year when we were trying to find a better alternative our BI system. And boy, we were in for a ride. The first warning sign was that their pitch was full of cool sounding words. They kept referring to the product as a "cloud based operating system", whatever that meant. When we asked them to demo, their presales consultant struggled to create anything other than a canned demo. Personally, I…
Had a good laugh.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#97Amateurs. "Unfortunately, our website is currently unavailable in most European countries. We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market. We continue to identify technical compliance solutions that will provide all readers with our award-winning journalism."
There are a few alternative links in the comments here that are GDPR friendly
It just seems ridiculous that an organisation as big as the LA Times can't manage a develop a solution on time. It doesn't provide a great deal of faith in the quality of their technology department.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#98Earlier quoted context omitted.
Right on. "Silicon Slopes" is surprisingly effective attempt by Utah County people to get investors to dump money there. Quick summary of the companies in "Silicon Slopes": Qualtrics (surveys), Domo (vapor), Adobe, Micron (fab only, but claim to "silicon" in the name), Nu Skin (MLM cosmetics/diet supplements) , doterra (essential oil MLM), NatureSunshine (MLM). Great place to be. Lots of innovation in MLMs.
I hate MLMs as much as the next guy, but "Silicon Slopes" does have some legitimate tech companies as well: Podium, Canopy Tax, MX, InsideSales, Pluralsight, Lucid, HireVue, Entrata, Workfront, Ancestry, Jolt, Teem to name a few.
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#99Earlier quoted context omitted.
I know. I also listed some (Qualtrics, Adobe). However, I have no way of telling if some of the companies on your list are any more legitimate than Domo, which has for years been heralded as a legitimate tech company in the area. To clarify (since not all of the companies you listed are in Utah Valley), my criticism was directed specifically at Utah County, not the whole state (i.e. not Salt Lake City or Davis county…
I don't know why people never mention https://instructure.com for Utah startups but I work for them and they seem great!
Re: Hype and plunder: Domo a new low for self-indulgent IPOs
#100Earlier quoted context omitted.
I work in Utah Valley at a tech startup in the space. While I agree that there are some startups with 'inferiority complex' etc, there is a growing number who are happy and proud to be a Utah startup and what that entails, not just chasing Silicon Valley. The instant connection to MLMs is unfortunate and something we are trying to move past. I would argue Utah has a very strong sales culture not solely because of MLM…
> other reasons Like door to door summer sales, and the massive bro culture associated with that. That gripe aside, there are a lot of lifestyle companies. And it's great. They aren't chasing silicon valley, they are just some small business owners trying to make a good living and provide employment for people in the region.
But just sign up, you'll make $50000 in 3 months!
/s