'Absolutely botched': How the Red Sox-Devers breakup got so messy
Gary had owned a piece of Alameda Research, but his stake in FTX was far more valuable. Nishad owned a big chunk of FTX and none of Alameda Research. Ditto Caroline, who ran Alameda Research but owned shares only in FTX. None of these people had any interest in moving money out of FTX into Alameda Research in a way that put FTX in jeopardy. Just
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Brown’s view reflected the sentiments of some at Renaissance who felt that while Kononenko ruffled feathers and could be unusually blunt, his behavior likely reflected the culture he had become accustomed to in Russia. Mercer said hardly anything, of course, but he seemed to agree with Brown and others at the table voting to ignore Kononenko’s
... See moreGregory Zuckerman • The Man Who Solved the Market
Breakup Dissonance: The internal conflict that arises when a leader's positive personal feelings toward a team member clash with evident professional underperformance. Most often, the leader will unconsciously devalue the relationship to justify the difficult decision to part ways.