MicrostockGroup

Agency Based Discussion => iStockPhoto.com => Topic started by: donnelt on March 13, 2009, 12:18

Title: iStock nearly purchased by Jupiterimages
Post by: donnelt on March 13, 2009, 12:18

According to Alan Meckler's blog, he was talked out of purchasing iStock in late 2003. 

http://www.alanmecklerblog.com/2009/03/thoughts-from-a-sale.html (http://www.alanmecklerblog.com/2009/03/thoughts-from-a-sale.html)

Title: Re: iStock nearly purchased by Jupiterimages
Post by: ZymmMan on March 14, 2009, 10:59

You should not beleive every word a CEO writes on his blog. If he was convinced by others not to purchase Istock, then he is a lousy CEO. He should not brag about his obvious lack of sills. He also later sold Jupiterimages, once valued at $400 million for a mere $96 million. That final sum barely covered the debt he had accumulated.
Obviously, he is allowed to feel sorry for himself, but as a leader of a company, he should stop blaming others.