"Bill Rini," on Howard Lederer, Ray Bitar, and the Full Tilt Board of Directors:
At every major juncture someone has issued a press release or some other communication expressing their hurt and playing the martyr card. Ray is hurt people think he’s been removed. The board is hurt that Ivey said bad things about them. Howard is working so hard to get the money back. Ray has worked tirelessly.
Blah, blah, blah.
What were they expecting? A medal? A pat on the back?
Do they not realize that they so poorly managed the company that they basically took a business that was printing money and almost couldn’t fail and nose dived it into the ground? I mean, when you consider how badly you have to screw things up to ruin a company of Full Tilt’s size and with Full Tilt’s cash flow, it’s beyond mind boggling that they feel they should get credit for anything. This is the kind of screw up that ends up being a cautionary case study in an MBA course.
That’s the part that has so far been missing in all of this, humility. How about a sincere apology and accepting of their responsibility in all of this WITHOUT pissing and moaning about how hard they’ve been working or how hurt they are? They’re grown men and women. They need to quit acting like children.
Read the whole thing here.