Webvan IPO delayed
from the when-too-much-publicity-hurts dept
Webvan's IPO has been delayed due to the high volume of publicity surrounding the IPO. The article states it was a mutual agreement between the SEC and Webvan, but I am sure the folks at Webvan did not delay putting millions into their pockets out of the goodness of their hearts.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Silly executives
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Re: Silly executives
As a former drone in the Andersen Collective, a few comments:
1) AC, like the other Big 5's, is a partnership. Playing diplomat to squabbling partners is a LOT different than pleasing the market, and George's inexperience in his new role is showing in the amateurish violations of the SEC quiet period
2) Shaheen has done a very good job of growing Andersen's business of sending armies of charcoal-suit clad consultants out to fortune 500 clients. However, his management style is very hierarchical and rigid, it makes you wonder if a man who can turn out solid 15% growth on a reputation of extreme corporate conservatism is the best choice for the type of manic internet-start up growth the Webvan fans are talking about.
Watching WBVN from arm's length...
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