MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: Mirco Dutch on July 26, 2016, 08:16
-
On July 19, 2016, Craig Felenstein notified Shutterstock, Inc. (the "Company") of his intention to resign from his position as Senior Vice President, Investor Relations and Strategic Finance, effective August 19, 2016, in order to accept a Chief Financial Officer position with another public company.
As in Shutterstock SEC Filing IRS
Does this mean something?
-
Of course,
I will be new Senior Vice President, Investor Relations and Strategic Finance...
Lucky me, no more "Not sharp" rejections with one of the sharpest Canon lens ;)
;)
-
Sounds like he got a better job.
-
The top execs at SS are probably looking at big stock option grants that are no longer going anywhere. Some will be moving on as a result.
-
like that joke i was told in 1988 when things started to go bad and
many firms were starting to discuss re-structuring..
the bosses say, "chill, no problem.. all talk!"
my colleague told me this joke,
-- there was this boat much like the Titanic , doomed to sink..
everyone on board started to hear the sailors whispering to each other
the passengers were all uptight.
then from nowhere, they hear a blast and coming through the air,
"hello everyone, this is the captain speaking.
don't believe everything you hear. it's all rumours.
as you can hear my voice, i am confident and here to re-assure you
my good precious passengers,
NOTHING IS GOING TO SINK MY SHIP!"
a little girl shouted and pointed out to a little lifeboat at the side of the ship..
"look ma, the captain is over there !"
-
The way things are going he was probably booted out. Most of the old crowd got laid off.
-
people will come and people will go, and the company will always grow.
only contributors will face consequence. :)
-
Sounds like he got a better job.
Probably he wanted to spend more time with his family………
-
On July 19, 2016, Craig Felenstein notified Shutterstock, Inc. (the "Company") of his intention to resign from his position as Senior Vice President, Investor Relations and Strategic Finance, effective August 19, 2016, in order to accept a Chief Financial Officer position with another public company.
As in Shutterstock SEC Filing IRS
Does this mean something?
Not enough Pizza Fridays and gym time. 8)
-
I get first dibs on his ping pong bat
-
The way things are going he was probably booted out. Most of the old crowd got laid off.
The way things are going I don't think anyone is booted out, better, they don't know how to make them stay.
Many good guys are gone "to spend more time with their family".
-
The average tenure for a company exec is 2 years so don't read too much in to it.
The thing to watch is statements that include "leaving to spend more time with their family" or "they are on garden leave" in which case you know they got fired for some big time balls up :D
Check his linkedin profile all his recent positions have been less than 3 years.
https://www.linkedin.com/in/craig-felenstein-0a84127 (https://www.linkedin.com/in/craig-felenstein-0a84127)
-
The average tenure for a company exec is 2 years so don't read too much in to it.
The thing to watch is statements that include "leaving to spend more time with their family" or "they are on garden leave" in which case you know they got fired for some big time balls up :D
Check his linkedin profile all his recent positions have been less than 3 years.
https://www.linkedin.com/in/craig-felenstein-0a84127 (https://www.linkedin.com/in/craig-felenstein-0a84127)
Jeez! The kid who cuts my lawn has a better work ethic than these executive turds. He's been with the same company for at least 7 years!
No wonder all the policies in place are for only short term profits. None of these d*cks plan to stick around to deal with the long term consequences of their greedy actions.
-
In this case it seems he got a better job nothing wrong with that.
-
The average tenure for a company exec is 2 years so don't read too much in to it.
The thing to watch is statements that include "leaving to spend more time with their family" or "they are on garden leave" in which case you know they got fired for some big time balls up :D
Check his linkedin profile all his recent positions have been less than 3 years.
https://www.linkedin.com/in/craig-felenstein-0a84127 (https://www.linkedin.com/in/craig-felenstein-0a84127)
Jeez! The kid who cuts my lawn has a better work ethic than these executive turds. He's been with the same company for at least 7 years!
No wonder all the policies in place are for only short term profits. None of these d*cks plan to stick around to deal with the long term consequences of their greedy actions.
ah say man, bravo ! well spoken!!!
those d*cks do not plan to stick around...
that is 100% sure...
like scavengers for the road kill they will take profit and leave.
this s*cker came in like the other family laid-ff dude at the time when ss became public.
no doubt, change of management by some major shareholders looking for a quick kill
to mazimise profit in as short a time as possible..
at the expense of goodwill,etc..
now, after all the scr*wups , hacking,loss of SOD and Ext Lic for many older contributors,
bad blood between ss and established contributors,...
something has to be done (damage control )...
so, captain of the ship leaves first..
before the Titanic finale when some short-term gain at all expense dude(s)
takes off with a lot of money
leaving us with another istock.
shame!
work ethics, pixelbytes... you said it..!!
-
Execs like this are brought in at IPO time, and incentivized with big stock options - often multiple grants over time, at different prices. They're ambitious people who want to get rich. After a couple years it becomes clear what those stock options are actually going to be worth; and if they're going nowhere, it's time to try their luck somewhere else.