Chris Young took on the challenge to turn a tiny Intel business unit into a cool cyber security company that employees loved, were proud of and were happy to work for.
That worked out as the company was governed by technocrats, who understood technology and were able to balance technology and business. Fair to say that this balance didn’t generate tripple rate growth or gazillions of annual dollars but it was solid in all areas.
Since the new regime took over, the company is run like a mafia clan - godfather on top with a team of capos and mobsters supporting him. Look how incestuous the new management is! Everybody worked with everybody in the past - no-one really in cyber security. Peter and the clan were brought in to disrupt and destroy in order to turn the company into a cash cow by lowering tue base-line, as the top-line didn’t grow aggressive enough. The top-line growth still is the same but as the bottom-line is lower the company is more profitable, thus increased valuation.
Btw. Peter Leave got 484,496 shares end of last year as thanks to negatively impact the lives of hundreds. Also read the other SEC filings on who got how many - you’ll be baffled.
Thoma Bravo has about 70% share-based voting power btw - if I read the filings correctly - and is the majority owner of what’s publicly traded.
The exec team turns the beauty in a pig and then tries to put lipstick on it.