Documents and sources undermine Flexport founder Ryan Petersen's claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign
Peterson decides to return as CEO, unceremoniously ousts Clark, rescinds offers to a bunch of new hires then blames Clark for overhiring. … Jenn Schiffer / @jenn@pixel.kitchen : a real “read all the way to the end” story https://www.cnbc.com/... X: Anand Sanwal / @asanwal : The real winner in the Flexport kerfuffle is Nelly $150k?!! For Nelly?!! Dude has maybe 3 songs people know the lyrics of And that estimate might be high by 2 [image] Parker / @pt : In the end, it turned out to be the burn rate that was making it so hot in herre, and the solution was not to shed clothes, but to shed Nelly himself. Sam Gerstenzang / @gerstenzang : This absolutely devastating piece on Flexport's firing of Dave Clark should be a reminder to other Musk-wannabes. Embarrassing leadership from founder and board. The most charitable interpretation is incompetence, the worst is same + bad intent. https://twitter.com/... @kepano : I was trying to figure out how they burned $300m in 6 months... it's getting hot in herre [image] Matt Rosoff / @mattrosoff : 3: Five hours after the letter was sent, the source close to Petersen contacted CNBC and asked to retract their statements and all details related to Clark's firing or about the so-called whistleblower. CNBC declined to retract his statements. https://www.cnbc.com/... Matt Rosoff / @mattrosoff : Some amazing inside dirt here including retracted statements and cease-and-desist letters and all kinds of mishegoss — great reporting from @annierpalmer and @rogoswami https://www.cnbc.com/... tip @Techmeme @cnbc : The inside story of Dave Clark's tumultuous last days at Flexport: Standoffs, politics, and spin https://www.cnbc.com/... Dave Clark / @davehclark : Operating with integrity and treating colleagues with respect is critical to the success of any company, which, as a shareholder, makes today's CNBC story and other recent reporting about Flexport deeply concerning. Despite my short tenure, I care about the company and its... LinkedIn: Brittain Ladd : LITTLEFINGER'S REVENGE — I continue to receive calls from the press and individuals who work in logistics, asking for my opinion about Flexport. …