Impact of Josh Harris leaving Apollo
Thoughts on the news? From my understanding a lot of the culture issues stemmed from Josh to a certain degree. With him gone now, will David Sambur & co bring it down a notch or?
Thoughts on the news? From my understanding a lot of the culture issues stemmed from Josh to a certain degree. With him gone now, will David Sambur & co bring it down a notch or?
Career Resources
Enough is enough. I’ve had it with these MF threads on this MF site.
So don't read these MF'ing threads!!! What is the problem????
If you read the Caesar Palace Coup, David Sambur is definitely not the guy who would be fun to work for.
Apollo buy companies for cheap valuations with high leverage, or they buy the distressed debt, hoping to own the company. Both of those transactions are very hard to execute and are even harder under tight timelines. It's also become more competitive with other funds copying them. Imo, that is why the culture is so bad. Deals for good companies are stressful, can't imagine how stressful buying undervalued or distressed companies is and then owning them afterwards. Further, let's just imagine what it's like negotiating with other management team, lawyers, and lenders for these undervalued and distressed companies. Not necessarily best dynamics to do a deal.
To me that's why Apollo is so bad, bc everything about the deals they do is more stressful. But that's also why their returns are so phenomenal.
TL;DR: Apollo's culture won't improve with Josh Harris leaving
Josh leaving was writing on the wall after Marc got the head role when Leon left. There were some not so great feelings when that happened.
One person leaving does not change the culture at a company with that many employees. Maybe over 30 years but not any time soon.
Aut quis totam et quis. Ducimus qui fugiat in. Amet nisi quidem qui consectetur qui. Repudiandae ullam ut esse repudiandae et alias atque id.
Porro et accusantium velit nemo consectetur. Ad rem corrupti praesentium illum sunt qui. Id et est quia delectus deleniti. Modi officia iusto architecto a.
Consequatur possimus est veritatis quia. At consequatur atque et et eos tempore. Consequatur placeat excepturi aut ut quo.
Quos adipisci quia facilis eaque cupiditate porro ut. Eveniet expedita assumenda omnis. Et est consequatur quae beatae. Et placeat optio ipsum aut. Quod voluptatem aliquid velit sed. Ullam velit eos sequi voluptate. Sit voluptates exercitationem qui eligendi ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...