CFOs oversee the company's books. Maybe the CEO expected a warning of some sort that sending $200m to Rogan and $25m to Harry and Meghan was a bad idea.
I recently launched my web app, Vaulted at https://tryvaulted.com/, and am looking to gather some feedback on what some must-have features are. The premise of the website is selling unreleased media. Meaning, all the things that have not gotten an official release. Outside of the obvious, like payments integration, what are some features you would recommend?
I hate to speculate since real info would come from people who worked there and surely prove me wrong.
But you asked for it so I'll do it anyway ;)
Looks like with Clark's background he had already built things for Amazon that are more profitable than what Petersen has built.
This could be a fundamental seed for disagreement that could arise at any time.
One thing's for sure, Clark is capable of making profits happen and that's what he was there for, I am confident he would not fail but I think all were disappointed at how long it might take.
Meanwhile, Petersen decided to divert his attention from Flexport, to becoming a VC, maybe it's a good opportunity and would be possible to get an earlier return from someone else's company more so than his own.
Then on his own it seems like Clark might have wanted to accelerate progress by leveraging more of their war chest, he presents incredibly low risk compared to alternative executives, but it just shortens their runway if things can't be turned around in time.
As can be seen Clark's growth strategy has been replaced by circling the wagons for now.
I've seen things like this happen and it's actually kind of embarassing for a company if they can't prosper more with a leader like Clark than they can without.
Not an investor at all. Not even a capitalist, just an entrepreneur in capitalist markets.
Did start out as a teenage stockbroker over 50 years ago, so I've been studying companies for quite a while now.
Always have been interested in things that don't show up on the balance sheet or company prospectus.
Flexport is one I've been watching to a degree for a number of years. A lot of the things Petersen has said I could really support.
Maybe even as one of the companies I would return to capitalist action to work together with. With my cargo experience I could definitely add millions to their bottom line, but figured I would have to work directly under Petersen, anything less probably wouldn't cut it. And that would be just a drop in the bucket at the scale they are targeting.
Never knew who Clark was until this debacle, so I'm trying to bring myself up-to-date. From what I know so far, if he does run for Governor of Texas I would be enthusiastic about helping him any way I can.
I'll probably have more comments in the future as more real information becomes available.
