Private Equity has ruined the culture... like it dos.
Pros
The pros are that it is a job, with decent benefits, for the times we live in. The company car is nice, and hours are somewhat flexible.
Cons
Occasionally required to work weekends, and often working into the evenings. A recent reorganization has left most field reps overworked. KPIs are constantly shifting, and the bonus incentive program that once made this a livable job has been chipped away to the point where it offers little real benefit. The biggest con is that the company was acquired by Elliott Investment Management in 2022, through its private equity arm Evergreen Coast Capital. The culture has been unstable and erratic ever since. After the acquisition, they quickly went underwater on the loan for their share of the leveraged buyout, and, as always, it’s the employees who end up paying for the mistakes of people in finance.
