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Comments about ‘CEO of Park City-based Skullcandy steps down’

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Taking position with private equity firm co-founded by Tagg Romney

Published: Friday, Feb. 8 2013 3:40 p.m. MST

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Palmetto Bug
Columbia, SC

How can I invest?

Capsaicin
Salt Lake City, UT

Putting all the praise into the hands of one man is kind of ridiculous. Our culture is like that though. 1 single man doesn't build a 300 million dollar business. That takes many hands and the right marketing. But ceo's forget this and under-compensate the people who help build it, and overcompensate themselves. Our current corporate society is like this. Selfish compensation. Hopefully he can do the same with another business.

kosimov
Riverdale, UT

" Our current corporate society is like this. Selfish compensation. Hopefully he can do the same with another business."

Capsaicin: huh? You condemn corporate officers for being selfish, over-compensating themselves, not recognizing that it takes more than one person to build a multimillion dollar company, etc. Then you say: "Hopefully, he can do the same with another business". ?

I suspect that you didn't mean it this way, but my response is directed only at the attitude many "non-corporation-managers" have toward those who manage and build corporations. I have been a President/CEO of a couple of small companies, and I can say that, in my experience, most Presidents, CEOs, and other top managers are very aware of the importance of every employee, and the contributions they make. If the CEO etc. has a selfish personality and abuses the trust of employees, etc., he usually fails. I think that TV and movies have portrayed top managers as "evil-doers" so many times, that is the image many people have of them. It is mostly false; those leaders are highly paid, but, when you consider how much money they bring in, they are often worth it.

Furry1993
Ogden, UT

One more person joins a vulture capitalism firm. This is news? Why?

Scott12345
Salt Lake City, UT

That's right, Capsaicin, he doesn't deserve the praise or compensation. He sacrificed a ton of personal time to direct the Company's efforts, deal with all the problems, steer the strategy of a quickly growing company, deploy the right resources at the right time, decide on the right systems and processes, and innovate and succeed. He did the hardest job in the Company, and he deserves to be derided and over-taxed. He should give away all the compensation he earned, which was approved and decided by the board of directors, to the marketing employees. (I hope the sarcasm is apparent here.) Let's hear what you've achieved, so we can tear it down. Going from $1,000,000 to $300,000,000 is a HUGE success story, and EXTREMELY difficult. It made a ton of employees wealthy. Hardly any CEO's achieve this. This is the American dream. Hard work, intelligence, having great people surround you, and yes, some luck. I only hope he's also a great person, too, and hasn't sacrificed his family (i.e. divorce) in pursuit of the American dream.

snowyphile
Jemez Springs, NM

Startups need cash, and those who provide it have to reckon with risk. A symptom of stagnation in the US economy is the many trying to profit off minimal innovation/manufacturing. It's like a deer carrying twice its weight in ticks. Come to think of it, Tikk would be a fine nickname for a practitioner.

wwookie
Payson, UT

I once felt under-compensated, so I left my company and joined another that paid me more. Then my old company realized my value and asked me to come back with an even higher paycheck.

Suggestion- if you truly believe you are under compensated, ask for more money and leave if you don't get it.

This guy led a successful company that saw enormous growth in a short period of time. He deserves a lot of the credit - probably more than any other individual except for the founder. Being a successful leader, he would probably be the first to point out the value of the teams that worked for him, so don't be so quick to judge him Mr. Capsaicin.

Cats
Somewhere in Time, UT

crabs always try to drag down those who actually accomplish something. Those who are successful are that way because they work hard and contribute a lot. Unfortunately, we have a society today of people who think they are entitled to what those who succeed have built.

AlanSutton
Salt Lake City, UT

One very important fact this article fails to mention: Skullcandy went public a year ago at a price of $21 per share. It's now selling for just a little more than $6 per share and heading lower.

just-a-fan
Bountiful, UT

I'm man enjoy to say I am just jealous of his success. Wish I had his drive and brains. Good for him and other like him for achieving greatness.

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