So sad for the employees fired right before Christmas. Chris and I know EXACTLY what that feels like, we were fired after our failed board coup in November 09. Yeah, just like the WIRED article. At least we knew what we were walking into that day when we were trying to save the company from team B's failed path of waiting for the DOE and accepted that risk, but the employees let go today were just hard working guys and gals carrying the dream forward. They are the victims of the management team...those hacks. They're done with, especially Paul, who has been the CEO of three different companies, each healthy before his arrival and bankrupt at his departure. Maybe he has a career in politics ahead of him? He certainly has the track record.
Under his watch of Aptera he has destroyed over $120M of shareholder value and $150M of deferred revenue. I made a graph of the company valuation over time, it began dropping on the day of his arrival, but it was always rising beforehand.
At least the idea of Aptera can be restarted if there is interest, unfettered from a Circus like dysfunction of a majority of the board and the utter incompetence of a 0-3 management team.
Hey team B! Don't let the door hit you on the ass on your way out.
Last edited by steve : 12-02-2011 at 05:06 PM.