Ben Nye became interim CEO after founder and external CEO clashed
Ben Nye · EP 467: $60M Raised To Help CIO's Manage Their Cloud with CEO Ben Nye · Nov 3, 2016 · at 4:45
Turbonomic CEO Ben Nye explains why he transitioned from lead investor at Bain Capital to operating CEO of Turbonomic.
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“There were some issues between the founder and the CEO hire. And so that's, that was the time when the board made its decision and asked me to step in on an interim basis, which I agreed to.”
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“And just to make the case roll the tape forward. And every one of those players that we looked at has either been acquired or gone.”
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“They're not going to die. I think their growth rate is going to continue to slow, but I don't think they're going to die. They've got a huge amount of cash that they generate.”
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“From time to time the company has retired passive shares. And there's typically a thing called an investor rights agreement that governs the way in which that is executed. And indeed we've done that as well, just to keep more equity and more active hands.”