Pros
Some of the most talented, knowledgeable employees in the industry.
Cons
Leadership team is too focused on EBITDA. The goals they put forward are arbitrary. Seeking a high valuation to look good for the venture capitalists they’re selling to next. A growth at all cost mentality, hyper focused on acquisitions and mergers with a finite purpose to make money to the benefit of the stockholders & stakeholders. As Henry Ford said, “A business that makes nothing but money is a poor kind of business.” Money should be a result, not a purpose. The will of employees should be a priority over the resources (e.g. EBITDA) they produce. Horrible benefits package for employees. Ironic for a company in the benefits business. Unequal advancement opportunities. Leadership team contains employees with undeserved/unearned titles, some are managers with no management training nor experience. Titles hold more weight than actual work experience or education. Unequal compensation. Stock/equity only offered for “elite” few. No clear rules on who was eligible i.e., managing partners discretion, It wasn’t role based nor tenure, leading to unfair distribution. e.g. brother of owner received stock who was in a role where no one else in that same role was offered nor eligible.