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Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 4:09 pm
by squirdan
well let me see, the lesson here I think is "beware the perma-tanned multi millionaire".

After many years working for large banks I tee'd up what looked like (and I did a LOT of due diligence incl many meetings with the CEO) a move to be global sales director of a small, fast growing fintech business that offered far more optionality and potentially large £ making potential in due course (but half the salary). However, once I got my feet under the table it took me about 2 weeks to work out it was a triumph of spin over reality...and thats being polite.

Shortly after I resigned with no job to go to and money pissing out of every orifice, (which concentrates the mind!) shareholders started to work that out as well and the shareprice halved. and halved again !

thankfully I cut my losses aggressively and quickly such that it doesn't really ever need to be on my CV - but in the intervening period toys like the hotrod had to be sacrificed!

c'est la vie, its only a car !

Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 4:20 pm
by DustyM
Ouch, hopefully you are back on track again now, if you don't take a chance every now and then you don't know what you might miss.

Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 5:02 pm
by neilbardsley
squirdan wrote:well let me see, the lesson here I think is "beware the perma-tanned multi millionaire".

After many years working for large banks I tee'd up what looked like (and I did a LOT of due diligence incl many meetings with the CEO) a move to be global sales director of a small, fast growing fintech business that offered far more optionality and potentially large £ making potential in due course (but half the salary). However, once I got my feet under the table it took me about 2 weeks to work out it was a triumph of spin over reality...and thats being polite.

Shortly after I resigned with no job to go to and money pissing out of every orifice, (which concentrates the mind!) shareholders started to work that out as well and the shareprice halved. and halved again !

thankfully I cut my losses aggressively and quickly such that it doesn't really ever need to be on my CV - but in the intervening period toys like the hotrod had to be sacrificed!

c'est la vie, its only a car !
Oh Dear. At least you tried.

A mate was in a similar situation. He left JPM, where we both worked at the time, to go and work for a Uni friend that ran a successful property business. Unfortunately my mate found that the smaller hands on style of the company didn't fit well with him (ok not the same problem you had) but got another good job. He looks happy and more relaxed than when I knew him at JPM so good luck something good will happen.

Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 5:07 pm
by squirdan
fully back on track, thanks chaps, Canadians came to the rescue

Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 6:36 pm
by Darren65
squirdan wrote:fully back on track, thanks chaps, Canadians came to the rescue
....best get started on another hot rod then! :wink:

Re: 72 Hotrod - my new project

Posted: Mon Feb 22, 2016 8:13 pm
by sladey
Wot he said