Feeds

Dotcom CEOs are vapid, empty, shallow – and that's the good ones

You just can't get the staff

  • alert
  • submit to reddit

High performance access to file storage

The future of many dot coms is "hollow.com", according to George Colony, the chairman of Forrester Research. They are about to be exposed for what they are, says Colony: vapid, shallow and hollow. Forrester has interviewed 2,500 CEOs - 20 per cent of whom were running dotcoms - and the conclusion was that many dotcom CEOs are of "low quality": they lack depth, experience and common business sense, Colony says. Short-termism seems to be the order of the day, as they move from start-up to start-up in search of stock options. "Value" - what the customer gets - is always subservient to the "fanatical focus on valuation". Forrester sees four dynamics driving the mentality. History demonstrates that first-movers have done well, stealing the air from competitors, so it's a "go fast or die" world. Then there's the deadly sin of jealousy: the undeserving are getting rich. Third is the silliness of capital markets,where there's willingness to invest in "quarter-baked companies", and accompanying short-term thinking by venture capitalists. Last is greed, with the attitude that it's better to get rich quickly with less work. The resulting hollow companies do not have the resilience to withstand competition, Colony says, but those that are built from traditional ingredients like blood, sweat and tears will be OK, while the hollow.coms get trashed. Humble pie will be the tucker for former dot com managers, while strong companies will get stronger (Colony includes Jay Walker, Jeff Bezos and Meg Whitman amongst the management winners). There's also some hope for traditional companies: they could replace hollow.coms that don't have the sticking power. It looks like the next good business is going to be mergers and acquisitions. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.