objectively, the ad business used to bring in around $5 billion. It now brings in closer to 1. Sure, costs got cut, and now it's cashflow positive, but if the goal was really to reform the business from a strictly monetary point of view, it's impossible not to bring up the fact that there could have been an extra $4 billion in profit, if someone had just been less polarizing of a character.
so objectively, looking strictly at the numbers, it's not a winner. if I were a PE firm and my hired CEO's personality caused revenue to drop that hard, I'd find another CEO who could just as easily have cut costs without all the insanity. insanity brings risk and has cultural and political costs, and who wants that? Just make me money and don't get me in the newspapers.
so the only reasonable conclusion is that it's not about money or the stated goals but about power. Ever get annoyed with a waitress at a restaurant over something small? A normal person would just brush it off, but if you're a billionaire, you can buy the restaurant, cut her wages (because firing her is less humiliating), and have her boss treat her like shit, because it's fun for a billionaire to flex on the peasants like that.
It stopped being about the money a couple hundred million dollars ago.
so objectively, looking strictly at the numbers, it's not a winner. if I were a PE firm and my hired CEO's personality caused revenue to drop that hard, I'd find another CEO who could just as easily have cut costs without all the insanity. insanity brings risk and has cultural and political costs, and who wants that? Just make me money and don't get me in the newspapers.
so the only reasonable conclusion is that it's not about money or the stated goals but about power. Ever get annoyed with a waitress at a restaurant over something small? A normal person would just brush it off, but if you're a billionaire, you can buy the restaurant, cut her wages (because firing her is less humiliating), and have her boss treat her like shit, because it's fun for a billionaire to flex on the peasants like that.
It stopped being about the money a couple hundred million dollars ago.