Feb 8, 2010

Josh Linkner Steps Down

Mirror mirror on the wall... is Josh Linkner the greatest CEO of all?

Josh, you are fair, 'tis true, but there is another fairer than you.

Today Josh Linkner announced officially that he's stepping down as the CEO of ePrize, LLC. His replacement, Matt Wise is coming in from Chicago's Q Interactive to take over the reigns. Though Josh will stay on as "chairman" -- focusing on innovation and sales -- it'll be interesting to see how he interacts with Wise. Will he chafe under Wise's "full operational control" or will he take a back seat? Or will he only he be a figurehead? The details of the deal Linkner made with the Board of Directors has yet to be revealed.

I find it very difficult to believe that Linkner went to the Board and humbly told them that the mirror told him he couldn't cut it as the CEO of the company he wanted ePrize to be. I find it much easier to swallow the the Board finally put an end to his rampant spending and maybe even curtailed the skirt-chasing.

Despite the claim that only one offer had been made for the CEO position, inside sources say that a big baller from the East Coast, George Russel, was the first person to whom the CEO offer was extended. Brian Hermelin (CEO of Active Aero in Belleville) and Gary Shiffman (CEO of Southfield-based Sun Communities) begged Russel to take the job. His response? "There's no value in trying to save this company." Zing!

Apparently, Wise must feel that there's still life in the old Purple, Red and Green monster. He'll be officially taking over on March 1st, the start of ePrize's eleventh year. Good luck, Matt, you'll need it!

Feb 2, 2010

What Color Is Your Parachute?

The rumors have been confirmed, long time leader of ePrize, Josh Linkner, has been asked to step aside by the company's board of directors.

There has already been one offer made to a potential CEO (who subsequently turned down the position -- perhaps after scrutinizing just how poorly the company has been run in the last few years) and another set of negotiations ongoing with a new suitor.

With any luck, Josh will stick around until March 1, 2010 to see the eleventh anniversary of the company he founded before strapping on his golden parachute and taking a giant leap out of ePrize.

In related news, Ivan Frank recently turned in his resignation. This has been a long time coming. It was always a puzzler how Frank got into his position and maintained it for so long.

This only leaves Jordan Broad as the Questionable Employee of the Decade. Working with Broad never fails to leave people flailing to figure out just what he does at ePrize other than take up space.

More news to come.