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Author Topic: Stan Pavlovsky CEO Shutterstock and why this is all happening.......  (Read 9718 times)

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« Reply #50 on: June 07, 2020, 11:40 »
+10
Whatever the case, Stan just lost Shutterstock an awful lot of money. I suspect this is going to go down as one of those "Kodak" moments in business courses.

It's going to include commentary about why taking things away from people is always far more painful than receiving anything of the same value. It's going to be about the necessity to create a competitive advantage based on something other than price. But mostly it's going to try and teach the business leaders of tomorrow why buffoons with their spreadsheets and crafty numbers will never hold a candle to real and honest leaders with integrity.

Actually, the whole stock industry with the rise and fall of Getty with iStock and now Shutterstock's skulduggery makes for some excellent business case studies.


« Reply #51 on: June 07, 2020, 13:30 »
+9
Whatever the case, Stan just lost Shutterstock an awful lot of money. I suspect this is going to go down as one of those "Kodak" moments in business courses.

It's going to include commentary about why taking things away from people is always far more painful than receiving anything of the same value. It's going to be about the necessity to create a competitive advantage based on something other than price. But mostly it's going to try and teach the business leaders of tomorrow why buffoons with their spreadsheets and crafty numbers will never hold a candle to real and honest leaders with integrity.

Actually, the whole stock industry with the rise and fall of Getty with iStock and now Shutterstock's skulduggery makes for some excellent business case studies.

We have a chance to make history here. We just CANNOT LET UP in a few weeks after our emotions relax. The messaging to Wall Street, the investor community, buyers, contributors, media, etc must remain strong by all of us not letting up. We fight until its over.  I have said this a couple of times but this is a grind, not an instant gratification process. This will likely take us into next year and we need to keep tightening the screws.

« Reply #52 on: June 07, 2020, 17:01 »
+3
His twitter feed has only 281 followers? What kind of a CEO is this?

And you are right, his likes are a lot of Trumpian glory likes.

Every day I learn something new that is worse than before.

@spavlovsky

https://twitter.com/spavlovsky?s=20

Why dont even the employees follow their own boss? Business partners? Some of the 1.2 Million producers?

How is this profile designed to represent the company, get ready to connect with all the other CEOs and impress potential customers?

They follow him on Facebook :D
https://www.facebook.com/spavlovsky

Hah what a joke the CEO of a tech company and he hasn't even bothered to update his FB page ~ silly goose still works for Allrecipes  ;D

« Reply #53 on: June 07, 2020, 17:08 »
0
His twitter feed has only 281 followers? What kind of a CEO is this?

And you are right, his likes are a lot of Trumpian glory likes.

Every day I learn something new that is worse than before.

@spavlovsky

https://twitter.com/spavlovsky?s=20

Why dont even the employees follow their own boss? Business partners? Some of the 1.2 Million producers?

How is this profile designed to represent the company, get ready to connect with all the other CEOs and impress potential customers?

They follow him on Facebook :D
https://www.facebook.com/spavlovsky

Hah what a joke the CEO of a tech company and he hasn't even bothered to update his FB page ~ silly goose still works for Allrecipes  ;D

If everyone sends him some friend requests prolingeg over time.. he will have a hard time to sort out the real ones :D   
But of course, he can just block it. Or not care about facebook at all

« Reply #54 on: June 08, 2020, 01:39 »
+3
Wow, this guy is a total scumbag, Shutterstock or not.

Horizon

    This user is banned.
« Reply #55 on: June 08, 2020, 02:12 »
+3
Whatever the case whatever the people att SS once this starts happening there is no way back it can only go from bad to stupid! its game over people game over!

« Reply #56 on: June 08, 2020, 12:01 »
+2

« Reply #57 on: June 25, 2020, 13:29 »
0
we are ...irrelevant ! let's build a machine  ;)

« Reply #58 on: April 19, 2021, 07:12 »
0
https://www.linkedin.com/in/stan-pavlovsky-ab26181
https://www.sec.gov/Archives/edgar/data/1549346/000154934619000011/a2019-8xk_2019x03x13.htm

On April first Jon Oringer stepped down from his leading position in the company created and Stan Pavlovsky was appointed as a new CEO. If you look at the stock graph of Shutterstock in the Nasdaq market you will see that after an initial huge increase in stock value the company has been losing value and shares price has decreased in a continuous way. So what do shareholders ask for........you name it....."Increase value".

How to increase value? There are many ways. One is to grow, sell more content, rise prices, tap new markets. But in this highly competitive markets they tried to increase prices with Offset which has failed miserably and only a tiny fraction of what they thought it would be. Sell more content? The growth days are long over those increases are in sigle digit numbers. Tap new markets? Shutterstock is already global and has presence in the 5 continents.

So what is left? Squeeze their supply chain. Who are those? Us. Has it be done before? For sure, in all the branches of the industry. In traditional sectors this is not that easy because there are unions, strikes, government pressures that don't want physical business shut down,etc. In a globalized economy where the suppliers are scattered all over the world all these does not happen. Suppliers are in the thousands and quickly replaceable, no government will come to rescue anybody as workers are not of any nationality. Unions?....what is that......strikes we will see how powerful the started strike is.

If you look at the Sec filling you will see that his annual salary is 600.000$. Nice but nothing to shoot rockets in the high salaries world of companies CEOs. But here comes the details in his contract......
He additionally will get "meant, Mr. Pavlovsky will be entitled to an annual base salary of $600,000 and an annual cash bonus target of 80% of his base salary, based on the achievement of individual and company performance-based objectives established by our Compensation Committee in connection with the Company's short-term incentive compensation plan and pro-rated for his initial year of service.
It does not stop here.....

Commencement of his employment, Mr. Pavlovsky will receive the following equity awards:

An initial grant of restricted stock units (RSUs) of the Companys common stock in an amount equal to the fair market value of $750,000, of which 33% of the RSUs will vest on each of the first and second anniversaries of the grant and 34% will vest on the third anniversary of the grant, subject to Mr. Pavlovskys continued employment with the Company.


and......

An initial grant of performance stock units (PSUs) of the Companys common stock in an amount equal to $1,500,000. The PSUs will vest, if at all, over a three-year performance and service period based on achievement of targets determined by the Compensation Committee of the Board of Directors.

Well now you understand why his actions. There is a lot to be made in his first year as CEO and the following 3 years. He will make whatever it takes to increase value and nice quarterly numbers so he can cash in his fat bonuses, even if he destroys long term value. The same happened before at Getty but with a Private Equity Fund. Inflate revenue short term at all costs even if you are destroying the company in the long term.

This is the corporate world friends. We are nothing but numbers. Our problems to make months end are non of his interest.

Lets see how this all pans out but it does not look good. We are too scattered, have different interests and goals and such a fragmented tribe has all to lose. Julius Cesar knew these thousands of years ago and this has not changed a comma nowadays.

Only wanted to point out the reasons and motives of such action. I will take a stance even if I am not convinced that it will stop the juggernaut. But again I walked away once of such a move and will again if necessary. There are still options out there although they are getting fewer and fewer.
This is the problem with the financial system which ultimately caused the 2008 financial crisis. When companies get to a certain size and can't grow anymore they just have to say 'fine we should give back to society' Success in the future ought to be based on this NOT greedily increasing stock prices at others (in this case contributors) expense.   


 

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