| Topic Name: |
Adjoined Consulting |
| Message Name: |
well i didnt miss by much |
| Date Posted: |
03/13/2005 |
| In Reply To: |
Heard last week from 2 different Inv Bankers (who claim they heard this in the VC rumor mill) that Adjoined CEO and Head of Strategy are going to be put out the door for lack of growth in the core franchise. Seems one of the firms that was also covering them and had some inside track, felt that the nearly nil organic growth combined with serious core staff retention issues is causing the sell- out/go public pitch to be a pipe dream in anything under 5-7 years without turning over this leadership team. Also surfaced was a concern by the community that the company's solution mix is out of sync and is anticipated to dry them out in 24 months or less without dramatic intervention by their VC's.
Interesting stat quoted was the average Adjoined employee has slightly more than 10 months with the firm and that turnover is approaching 30+%
Any insiders hearing the same or different? |
| Message: |
i think i said that turnover was around 35%; but that was just a snapshop in time
You seem to have some very pertinent information at your fingertips. Funny thing is that the company seems to continue to grow albeit thru non organic means like acquisitions. This place is a body shop
I repeat...a body shop
The tried to maximize their strategic play by developing a SOX 404 practice but that resulted in a non start
They just recently hired a General Counsel who was probably put in place for corp financing deals (an interesting shift since their CFO is a lawyer) but a peak at his credentials shows a steep cliff on the stock graph of a company he was with prior to Disjoined.
Not exactly a vote of confidence for him I would think.
Just not a good place to work...very simply put
|
