“Of the 1,500 or so Pitney Bow's employees, we didn't receive a single claim in the bankruptcy court or otherwise from any of those employees”
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Said on Middle Market Growth
Middle Market Growth · Carve-Out vs. Wind-Down: A Guide to a Complex Exit
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completed the Pitney Bow wind-down at roughly half the internal budget and two-thirds of the planned time
half of their budget, two-thirds of the time
“Of the 1,500 or so Pitney Bow's employees, we didn't receive a single claim in the bankruptcy court or otherwise from any of those employees”
“For six months, Jeff would be the salaried GM with nothing at risk but his time. After that, he could buy a third of the business at a pre-agreed price, and he'd have up to three years to buy the remaining two-thirds, half at that same price, and half at a pre-agreed multiple.”
“I think roughly two-thirds of serious kernel CVEs stem from memory safety bugs. And 30 years of C discipline hadn't moved that number in any other positive direction.”
“I would not drop this until she like actually physically said, no, like we do not want your help anymore. I'm like that. I'm like a dog with a bow and I'm like, I will follow up with like 25 times until I get a no.”
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