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You jest but there are some real people like this. My spouse once worked at small (1-200 staff) but profitable SaaS/service firm in a niche market. Another firm bought it, the Founder/CEO and some other top execs cashed out. The new parent firm folded the software and book of business into its own operations, and brought in a new CEO for the subsidiary...who methodically ran it into the ground over the course of a year or two, basically wrecking it by stages so that staff could be laid off without violating employment laws.

Mystified by this apparent gross incompetence (my spouse had been an early hire and knew the firm's operations inside out; they still had a healthy client base in addition to the software portfolio), we looked into the background of the CEO and discovered the person had done the same thing at several other firms.




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