shocking mismanagement of capital - Anonymous employee Root Inc. Employee Review
2.0
21 Mar 2022
Anonymous employee
Former employee
Recommend
CEO approval
Business outlook
Pros
They are in a big industry with a lot of room to innovate.
Cons
They laid off ~20% of staff and then issued a $5M cash bonus to Dan Rosenthal for his "promotion" (according to public filing) from CFO to COO. The "promotion" came after Dan led the company through a public offering that was poorly executed - as reflected in the stock price. This leads to huge concerns as to the sophistication of the executive team's judgment and morals.
Root Inc. Response
4y
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