Comment Re:CEO, CTO, CFO, VPs - Management Team @ Linuxgru (Score 1) 102
The bounced checks still wouldn't clear, the last two weeks that we put in would still have not been paid, and the students would still have no classes to attend. Nothing would have changed.
It doesn't really matter why -- they could have been playing Solitaire or chewing their fingernails, and it still wouldn't make a difference to the outcome.
Does management bear some responsibility for the outcome? Certainly, if for no other reason than it appears they weren't inquisitive enough about the company's finances earlier in the game. But if they had gotten hold of the books weeks or months earlier, would it have made that much of a difference? I'm not sure it would.
LG had a lot more than money problems, as you are no doubt aware. Disorganization was rampant -- there was no clear chain of command.
Our educational system was a sham. You know the state of our training materials -- you admitted that you didn't want to associate your name with them.
I wasn't in management, and I wasn't in St. Louis. I have no clue who was responsible for what. In fact, it seemed to us in Kansas City that no one at the Home Office was responsible for anything. We had thirty people vying for 25 chairs that last week, and the only reason we got anything done was because several employees were kind enough to donate their own computers, office supplies and personal credit to keep things going.
In conclusion, I don't care why Porter and company resigned later than sooner. It doesn't matter. In a phrase, LG was dead long before it breathed its last. It was conceived poorly, planned poorly and managed poorly. It wasn't the first company to go down in flames and it won't be the last, especially in this economic environment.
