Riddle me this

I’ve been struggling with two questions. Thoughts?

1) ER was meant to restructure the organization and right size it. Phase 1 was focused on Senior GPs picking their leadership team. How is it a year later that 30ish GPs get reassigned and some to roles where they have no background in what they are leading. When will the Senior GPs get held accountable for lack of delivery, you can’t just keep blaming the next level. You hand picked them!

2) I’m newer to EJ, but LP is explained as ownership but very much feels like just a bond offering. If I owned a part of the company I would also gain in appreciation of the market value of the company. My understanding is only GPs participate in this. So if I accept the LP offer, I give XX,X-X and earn I profit(interest) on it. If after years or decades I want out, I’m returned my principal and no appreciation of the company of those years or decades.

Anyone have insights that I’m missing?

#Accountability #Culture #EmployeeRelations #Leadership

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7 replies (most recent on top)

LP is helping to fund a sinking ship.

Cash cows only get sold off by their owners when they're sick, hobbled, or disabled. That's all you need to know on this topic. The rest is spin dancing with numbers. Kind of like raygun in the Olympics. Painful to watch.

@js It's way better! The talking points say so! GPs take 80%, regular peasants who do the actual work, get 20% cut and get zero say in the decisions in how the money is flushed away by PP's mean girls clique`. The GPs totally deserve a higher cut though, they break things that work just fine, ignore the things that are on fire, and wear and expensive jacket to work. It's the greatest company ever and AI + India is going to make it a global powerhouse!

@j1 tell me more? How is it different?

LP does not function like a bond. Ownership of the firm is split between LP owners and GP owners. Do no rely on advice on this site. Most that comment here do not understand any of it.

New LP looks like a cleaned up version of a pyramid scheme. The GPs need that gravy train to keep going and PP needs you people to pay for her bank and GCC in india. (ie her legacy)

You are right. LP is not true ownership. The GPs own the firm. LP does function more like a bond except the rate of return is variable based on firm profits. There is no guarantee if the place is sold there will be any multiple given like a true owner would get. No doubt return of principal would be given but who knows if we would get any extra like the GPs would get.

Thread regarding Edward Jones layoffs

Riddle me this

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