"Former Reg writer turned New York Times journo Ashlee Vance ..."
I believe it should read:
"Former Reg hack turned New York Times journo Ashlee Vance ..."
Former Sun Microsystems chief executive Jonathan Schwartz has opted for the hard life of Silicon Valley startup rather than running another Fortune 500 mega corp into the ground. Schwartz has blogged that he is teaming up with an old friend to form something called PictureOfHealth.com, and Schwartz will serve as chief …
(1)... Take control of a company with nice share options for directors.
(2)... Break off assets worth spinning off as separate parts of a company.
(3)... Sell off remaining core of company.
(4)... Profit! (for directors from the "successful sale of the company").
(5)... Find new company and goto (1)
Sadly this is a common CEO's game plan, where success is defined by how much they profit from it, not the workers or even the share holders (and lets not forget a lot of workers can even end up out of a job that they may have worked at for decades, when another company buys up their company), but the directors see it as a great success (for them). :(
But then sadly thats to be expected when they employ Narcissistic self interested power hungry people as directors. :(