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Comment on Out of money, Wavefront shuts down by J. J. Toronto
J. J. Toronto
Comments for BetaKit
In reply to <a href="https://betakit.com/wavefront-shuts-down/#comment-4057">Alex</a>.
Alex -
There are "boats", "yachts" and "ships".
A yacht is generally bigger than what most of us would call a boat, and smaller than a ship.
But we can argue over definitions I'm sure.
I'd say that if you can put 20+ people on it, then it is (a) big, (b) a yacht, (c) expensive.
Size doesn't really matter here.
The point is - they were running a money strapped not-for-profit.
And they chartered a yacht and took the team for a day on the water.
And now that you tell me it was provided by "one of the execs" - its stinks even more.
Was this a case of an exec. charting his own yacht back to the firm he works at?
(A government sponsored "not for profit").
If true - all I have to say is "they must be morons".
The CFO should have been fired for approving any expenses related to this sort of event.
The CEO should have been sacked if he chartered a boat so his team could "hit the water" for a day.
The optics on this are brutal!
Anyone have pictures to post?
I'd love to see them if you do.
I ask this forum:
- Does anyone have pictures of this "yacht trip"?
- Who was "the exec" who owned the boat?
- Did Wavefront pay their own executive to charter his private boat for the day?
If you don't mind my building on the boating theme - let me remind you of the following: Wavefront was given millions of tax payer dollars, yet couldn't keep their ship afloat.
They must have blown cash like drunken sailors in port.
Those offices weren't cheap, that is foresure.
I believe James Maynard and Robert MacDougal and the other VPs should be investigated for potential malfeasance.
The accounting firm handling the wind-down should be placed in the lead.
I'll tell you something else I've learned over the last few years.
If you ever see a cockroach when your at a restauant, you can be sure there is never just one.
The kitchen is almost certainly filthy, and the basement is likely a mess.
I bet Wavefront's "kitchen" was full of "cockroaches".
Can anyone else provide examples?
Love to hear from others on this.
Can anyone provide some stories or insights on Wavefront?