Pros
Upper management had control and vision of the future products needed - that is changing now Culture was always a positive Respect plus results
Cons
Loss of Rich, Enio and Michelle New CEO is lost between a hard rock and a cliff and has not handled it well. Not used to struggling company rebuilding. Alienated more than 75% of the employees CFO is a burden. Does not know numbers or business well enough to make a difference. Both CEO and CFO never managed a rebuild of products and they have hired junior people to drive the process All new hires are either SmartBear employees fired for performance or SolidWorks employees Lots of fear in the system. The "culture" CEO hired a culture firm to come in and build a culture after he destroyed it Wasteful spending - too much spent on recruitment of people that were already planned to be hired Layoffs. 20% of workforce will disappear in 2014 to make the EBITDA number strong. Germany and outsourcing will close.