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ECT News Community   »   E-Commerce Times Talkback   »   Re: After the Griping, Dot-Coms Can Learn from Webvan



Re: After the Griping, Dot-Coms Can Learn from Webvan
Posted by celticsfan on 2001-05-21 14:46:01
In reply to Greg
This golden-parachute story has me going in two directions.

On the one hand, I agree that Webvan probably wouldn't have been able to convince Shaheen to leave a $4 million a year post to join a startup dot-com without the sort of security ($375,000 for life) offered him. But on the other hand, I wonder why they thought they needed him so badly ... the other user who posted this message:

"I cannot tell you how many VCís demanded that if they were even going to consider our plan/proposal that we needed to hire a proven CEO. Thank God, we didnít consider them ... most if not all dot-coms with those proven CEOís are down for the count and the entrepreneurs are the ones rising to the top"

had a really good point as well. Ultimately, Shaheen was responsible for bringing Webvan to profitability or a least on the path to profitability, which he clearly did not do. Instead the company embarked on a really fun expansion plan, lots of deals and contracts to sign, followed by layoffs and closures. In a word mismanagement. So, the right conclusion here is that Shaheen might have seemed worth it when Webvan hired him, but he proved himself a failure.





 * Topic  Author  Date
Re: After the Griping, Dot-Coms Can Learn from Webvan  ECT News  2001-05-18 17:19:46
Re: After the Griping, Dot-Coms Can Learn from Webvan  TM  2001-05-22 17:32:27
Re: After the Griping, Dot-Coms Can Learn from Webvan  jh  2001-05-21 12:02:57
Re: After the Griping, Dot-Coms Can Learn from Webvan  elmo  2001-05-19 10:00:31
Re: After the Griping, Dot-Coms Can Learn from Webvan  John Rizzo  2001-05-19 07:59:08
Re: After the Griping, Dot-Coms Can Learn from Webvan  Allan Caldwell  2001-05-21 17:24:32
Re: After the Griping, Dot-Coms Can Learn from Webvan  Shyam Gupta  2001-05-18 21:53:03
Re: After the Griping, Dot-Coms Can Learn from Webvan  Greg  2001-05-18 20:00:41
Re: After the Griping, Dot-Coms Can Learn from Webvan  celticsfan  2001-05-21 14:46:01
Re: After the Griping, Dot-Coms Can Learn from Webvan  Lakrdomination  2001-05-21 23:36:19
Re: After the Griping, Dot-Coms Can Learn from Webvan  MKG  2001-05-25 19:22:40
Re: After the Griping, Dot-Coms Can Learn from Webvan  realist  2001-05-21 17:49:09
Re: After the Griping, Dot-Coms Can Learn from Webvan  TedDrew  2001-05-22 11:47:52
Re: After the Griping, Dot-Coms Can Learn from Webvan  Rudy  2001-05-23 19:09:19
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