TrendWatch Blog
And Speaking of divine
02-May-2002
divine's recent announcement about management pay cuts and a one-month, 50% reduction for those making more than $60k is drawing a lot of attention to the firm. No doubt divine's competitors are labelling it desperation. Not so, says divine CEO "Flip" Filipowski, who said in an internal memo that that the company retains sufficient cash but is still "paranoid about cutting costs and reaching profitability by the 4th Qtr" precisely to show prospective customers that it will remain a serious, long-term player. Having made the promise to Wall Street, however, now divine has to make good. Can a mega-rollup firm with no apparent unifying cultural base meet ambitious revenue numbers while cutting staff salaries? The techies on Slashdot don't think so...
Slash and burn Read Flip's memo on Clientwire and decide for yourself
- Submitted by: Tony Byrne, Analyst
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