re: Succession Alert

Really surprised at some of the criticism in this thread. I’m sure it’s a bit of a blimp before the inevitable crash, but this was absolutely a win for the ceo bros.

Was Kendall’s pitch super cringe to begin? Of course. Was the edit of his dad probably something that’ll come back to bite him in the arse? Obviously

But was repositioning a traditional company as a tech company to jackup valuations a successful play? 5-10 years ago when money was cheap and everything was growth growth growth? Absolutely, it was the easiest way to get earnings multiples inflated. It’s basically what WeWork did. He even rose above the Manson tweet which was obviously an attempt to provoke him. Everyone said it in the room afterwards, he nailed it

And Roman, was he a bit impulsive? Sure. Did he go in with a mapped-out plan? No, but at the end of the day he canned someone who it seems like was hemorrhaging money money and making shite movies while disrespecting him. Him canning her was an absolute no-brainer, and I thought if he’d done anything else it would’ve been a joke

Is he asking for respect his dad earned? Sure, but that’s the way it works folks. Regardless of how someone gets to the top, those types of folks demand respect. I’ve been fortunate to be around a couple of them, and the only thing less attractive to them than incompetence is disrespect. The handful of extremely high-level folks I know who run companies would’ve executed anyone who spoke to them like that

The Gerry firing was a bit of an overreach but still possibly defensible. I thought his comment about even if you don’t believe in me I need you to act like you do or something like that was really insightful in an odd way

They’ll surely crash in the end, but the bros somehow nailed it this episode