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This is definitely a sad story. But it seems to be the norm from the VC and acquisition world since the burst of the Internet bubble. What I find sad about it, is that they assume that since some of the business models were bad then all of them were bad including the profitable ones! So they quickly resort to the known failures of corporate culture because they ooze of CEO control. My favorite form of CEO interference is hiring freezes when you have lots of openings with paying customers. And then they give you shit for not realizing their sales goals. What am I shipping? Promises? They sell real well right now!!