Box shares jumped 12.3% Wednesday, the day after activist hedge fund Starboard Value unveiled a 7.5% stake in the file-storage and sharing company. Starboard is known for turning around Olive Garden’s parent Darden Restaurants, after winning control of the company’s board. In tech Starboard mounted an activist campaign against AOL, prompting the online company to sell a portfolio of patents to...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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