Ed Gets A Grilling

| No Comments | No TrackBacks

'Here we go again - another week of  hell,' Ed writes in his diary, 'last week, traipsing round Europe and the Middle East doing 21 presentations in five days in eight cities; now it's the same thing all over again in America with 40 presentations in ten days before going over to Shanghai. and Tokyo'

 

'It may be getting a bit samey but there's always some guy who throws you somewhere along the line', writes Ed, 'today it was the first presentation after lunch  in New York. Some 20-something miserable little prick from an investment bank asked: "How do you see the position of the company in five years' time?"'

 

'"Significant supplier of a broad range of ICs for telecoms and consumer applications. In the top 50 worldwide IC companies measured by revenue. Growing faster than the market. Gross margins better than 50%", I told him.'

 

'"And what plans do you have in place to choose a successor who can execute on those targets?" asked the miserable little prick.

 

'"What makes you think I won't be around so see the company achieve them?" I ask.'

 

'"Because your shares vest immediately on the IPO, and the usual 180-day lock-in been waived in your case," says the MLP, "it looks as if you're planning on a run for the exit post-IPO".'

 

'I splutter a bit. Wriggle a bit. But the bastards aren't taking any notice. I don't think they'll be participating in the offer.'

 

'Still it's only 18 days to the IPO', writes Ed, 'then all this will be over and I'll be swanning around in my squillions.'

No TrackBacks

TrackBack URL: http://www.electronicsweekly.com/cgi-bin/mt/mt-tb.cgi/172821

Leave a comment

Get the eNewsletter

Sign up for the weekly Mannerisms eNewsletter. Get the blog highlights straight to your email inbox, Tuesday morning, no fuss. Just tick the option for Semiconductor commentary.

Archives

Get Mannerisms via RSS

OpenID accepted here Learn more about OpenID

Sponsored by Mouser

Sponsored by Mouser Mannerisms is brought to you in association with Mouser.

Recent Comments

Advertisement


Sponsored by Mouser

Sponsored by Mouser Mannerisms is brought to you in association with Mouser.