A company lead by individuals with zero business acumen
Pros
Everyone outside of the executive team was fantastic. Pleasant people, working hard, great team with good relation and focused on goals.
Cons
I’d give this company zero stars if I could. The subsidiary I worked for? Wonderful! The executive team of Elm Street? A failed tech exec graveyard. CEOs brought on by the venture capital firm all know the ship is sinking, and they bail or are shipped out so fast, they can do almost nothing to work toward developing cohesion between the various subsidiaries. Not that they actually care, of course. Monthly (…transitioning to quarterly) all-hands meetings were nothing more than lip service to concerned employees who could feel that a lack of consolidated leadership was driving the company into a tail spin. Instead of working to invigorate businesses losing money, they stripped the company of marketing dollars, smiling and nodding their heads when mid-level management expressed frustration and concern. Corporate speak was the new language, and we were spoken to in nothing but. It became abundantly clear that Elm Street planned to do absolutely nothing save for what venture capitalists do best: do nothing to impede the company’s failure and then strip it down for every cent it was worth. That’s exactly what happened. People with 30 year long careers were let go and left to fight for 30% of their severance. All the while? The executive teams try to convince each other that they are successfully cleaning up a mess. And the VC firm? They thought it was a good idea to hire a CEO fresh off tanking another firm. It’s clear what they’re doing here. Anyone left working with subsidiaries should jump ship now if they haven’t. Elm Street is not long for this world. Additionally, Alex Lange has not been the CEO for over a year at this point. No doubt because the new CEO doesn’t want to appear affiliated with this dumpster fire. The most pathetic excuse for executive leadership I’ve ever seen in my entire life. Utterly laughable.