Avigilon COO Schmode OUSTED

Author: John Honovich, Published on Sep 02, 2015

IPVM called for Avigilon's COO to be fired last week.

Today, he is gone.

In this note, we examine the factors behind this and what this means for Avigilon going forward.

********** *** ********'* *** ** ** ********* ****.

*****, ** ** ****.

** **** ****, ** ******* *** ******* ****** **** *** what **** ***** *** ******** ***** *******.

[***************]

******

******** *** '*********** ********** *********', ************ ******** *** ******* ** **** ** *** *** of ****** **********. *** ************ *****:

"**** ********* ********* ****** [******** ***] **. ********* ****** ** ********'* ***-**-*** ********** *****empowering ********** ******* with greater authority.... *** ********* ********** ********* ******** **** **** **** ** ************efficient ********-****** and innovation." [Emphasis Added]

*** *********** **** ***** ********** ** **** ********** ******* **** undermined *** ******** ****** *** ****, ***** ** *** ********** from **** ** **** **** *** *****.

**** ******* ****** ** ***********, ****** ** ******** ***** ** ************ ******** ** ***** ***** ** *** **** *** ******.

Problems **** *******

** ** ******** **** ****:

"*** ***** ******* ** *********** *** **** ****** ** ***** **** *** ************ management *****. ** ******* ** ******** ****** *********, *** ********** negative ***** ** ******* *** *** *******. ** ********, *** CEO ********* ******** ********* ******** ********.

******* *********, *** ******* **** **** ***** *** ***** ***** Schmode *** ******** **** ***** ** *** ** *** ********* ** **** ****. ******* ******** ******* *** has *** ****** ** ******* *******. ** *** **** ****, the ********** **** ****** ******* ** ****** ******** ** ***** ousted, ********* ***'***********' ** *** ****-**** ********** / **** ***** ******."

** **** ****, **** **% ** ***+ **** ************* **** ******* ****** ** ***** *** ********.

******

*** ****** ***** ** ******** ********* *** ******:

"**** ***** ** **** **** *** ******* *** * ******** ******. Schmode *** *********** ******* ** **********. ** ********* ****** **** no ********* ***** ** **** ******* *** ********.

** ***** ** ******** ** ****, ******** ***** ** ******* people ** **** ********* ** ***** *** *** ******** **** is ***** *** *** *******. ********* ***** ****** **** * lot, *** ******* ***** *********** ******* **." 

** ******* **** **, *********, ******** ** *********** *** ** that ********* **** **-****** *** ***** *** **** ** *******, that ****** ***** *** * *** ******.

*****

* *** ****** ****** ** ** ****:

  • *** ****** *** ** **** ********* **? ** *** ********* to ******* *** **** **** *** *** *** ******* *** grown *** **** ******* *** ****** **** ** *** **** he *** ********** ********.
  • **** ******* ** *****? ********** ** ******* **** *** ******, which ********* *** **** ********. ** *** ***** ****, **** this **** ******? ******** ********** ** ******* *****, ******* *** main ******** *** ******* ***** *******. *** **** ******* *** the*** ** ******** **** ** * *** ***** ******.
  • **** ******* ** *** ***** *****, ** ***** ** *** short ****? **** ** ****** ** ********* *** * ******** future ** **** ** ****** ** ********* ******* *** ****** many **** **** ******* *** *** *** ****?

*******, ** ** ********** * ****, ********* **** *** ********. Plus, ********'* *** *** ** ********** **** ***** ** ******* **** sign.

Comments (49)

** *** ********** **** ******** ** **, **** ** '**** for ********, *** *** *** **** ** *** ********'...

******* ************ *******, "******! **** ******* ***, **** ***** ** ****** ** ******* against ********!"

* **** ***** ** ***** ******.

*** "***********" ****** ** **** **. **** *** *****-********** *** impediments ** ******. ***** ****** ** **** ***** *** *** everyone ** **** ************ *****.

*** ***** ** **** ~*% ** *** *******, ** $**.**. Last **** ****: ~$**.

***** ** *** **** ***** $**.**, **** **% *****.

**** ******* **** **** ********* *** *** ***** ********** *** internal ******** ** ******** (** **** **** ****** **** ******* and *** ****** **** ** ** ****, ***** **************).

** ****** **** ****, * ** ***** ***** ** ****** both *** *** ******* *** *** *****. *******, ** ***** get ***** ****** ** **** ******, ********** ***** ** ******* are ****** ** ** ***** *********** (***** *************), ***** ***** put **** ******** ** *** *****.

* ******* **** ****, ****** ****** **** *****, **** * new ***. ** ****** **** *********, ** ***** ** **** for ****** ** ** ** *** *****. **** ** ***** I ***** ******* **** ****' ******* ******* ** ***** *********** savvy ******** ******* ***** *** ****. **** ***...

*. *'* **** *** ******* **** ****** ******** **** *** a ******* ** *** ***** *****; ** ***'* **** *** not ******. *** **** ***** ** ******** *'** **** ** some ** ***** ***** ****** *** ******** ******** ** *******, a *** ** ********* *** **** *** **** *********** ** the "***" ******, ******* *** ***** ***** **, **** **** they ******* *** ****** *** ***** ****** *** *** ****** like **** ********, **** ***** *******. *** **** ****** ** executive ***** ***** ***'* **** ******.

*. *** **** **** *** **** ** ***** ** *** CEO ********? ****'* ***** ****** ****.

***** ******** ****** *** ******* ** ***** ** ** ** not *** ****** ******* ******** **** **%+.

* *** **** **** ** ********** *** **** ***. **** might ** **** ********* :)

** ********* **** **** ** *** ***** *** ******** ******* created ****** *** *******, *** ** ***** ** ******. ** an ******* ** ******* ********** ******* ** **** *** ******* himself, ******* ******** **** *** *********** ********* (******, *******, ******** email *******, *************, ********* ********** ***) *** ** ** "********" by ***. **** ****** ** ******* *** *** *** **** sure ******** **** ** *** *** ****(?) ** ******* ******** done - *** ** ****** ** *** ***** ******** ***. The ******** ***** ****** *** ***** - ******* ** ** double ******** *** ******** ** ****** ******** *******. ******* *** none ** **** - ** *** *** ********** **********.

** * *** **** **** ******* ******, *'* ****** *****. A *******-**** ****** ** ******** ** * ****** ******.

** ** ******* ** ******* ********** ******* ** **** *** protect *******, ******* ******** **** *** *********** ********* (******, *******, external ***** *******, *************, ********* ********** ***) *** ** ** "approved" ** ***.

** ** **** *********** **** ***** *** ********* ** *** "Bryan", ** *** *** **-********* ** ******* "*****"?

** *** *****, ******* **** *.*.!

"**** *****, *** ****** *** ** **, *** * *** the *******, **..."

***** **** ************************* ** *** ******* ** ****** ******** ********** **** *** next ****.

"** ***** ** **** ** ****** **** ***********, ** *** would ** ******* ** ***** ***".

************* ** ******.

********** ***** ******* *********. **** **** *** **** ** **** anything **** *****.

******. **** **** *** **** ***** ***** **** ***** ******* was ****** ***.

* ***'* ********* **** ** **** ***** ******'* ***** ***** disupted, *** ** **** **** - * ****** *** *** of *** ***** ****** ** ****.

**** **** **** - **** ********* (******* *** ******) *** investors ***** ***! ****** **** ****** **** ******* ******** ********* this ******* - **** *** **** * **** ***** ** relief *** **** ******* *** * ****** ****** **** *****. Schmode *** *** '******' ****** ******** *** ** *** *** been *******. ***** **** ** **** ******* *** ***** ******* vestiges **** **** ***** **** ** ** ***** ****, *** the **** ****** ** ****.

** ** ******** ** ***** ** ******** - *'* ** surprised ** ***** ** ***** * ****** ******* ****'* ***** to *** ******.

************* ** ******** **** * *** ** ********/******* ***** ** exit **** ******. ***** ***** ** ** ******* ** *** deserved ** ******* *** **** ***** ** ****** **** ******, undermined *** ***** ** ***** ***********, ******** **** ** *** employees, *********** **** *** ** **** *** *** ********* ** untrustworthy *##****.

***** ***** **** * ****** *** *****, *** ******* *** longer ****, **** ** ********** **** *** ********, *** ********* and *********.

***** ** **** *** ******** **** ******* *** ******* ******** to **** ***** *** ******** ** *** **** - *** doing ********* ***** **. ********* *** ********* ** ******** ***** you ****.

"*** ***'* **** **!"

"*** ***?"

"******** **** ********* **!"

"**** *****. ***'** ***** **** ****, **?"

****, ****** ** ****** ********** ****** ********* '**** *** *******' ** **** ** *** **** ************. It *** ** *** ***** *******.

*******, ** **** **** ******** ** ****** **** *******'* ********* is *** *********** *******...

*******, ** **** **** ******** ** ****** **** *******'* ********* is *** *********** *******...

*****, ** **** *** "****** *******".

* **** ***** **** *** *** **** * "**** *******" agreement, ** **** **** **** ********* ** ** ****** ** take *** ********** ****** *** ***** ** * ***** **********.

*** ****** *** *** *****...

****** *******? * ***** **** ***** ** **** ** *** consider *** **** ** **** ****** ** ***** *** *** payout ** **** ***'* ** ***** ****.

***'* **** *** ***** **** ***** (** ***** ***** **** week) **** ** * ******* **** ** "*****" ** ** AVO, ****.

****** ********** ***** **** *******, * *** ***... ************** *******.

** ******* ******* *** **** ** * ******** **** *** Avigilon, ** *********** *** *******. ******* ** ********** ** ****** products *** **** ***** **** **** ** ** ****. * can *** *'* *** ***** ** ********* ***** ******** **** because **'* ****.

*** ***** **** ********** *******, ***** **** ** ***'* * positive *** * **** ********. * ******** ******** * **** where ** ******* ********* *********'* ********** ** *********** *** ***********.I ************ ********* ** **** *** **** "*****" ** ******** ***. (I'm pretty sure it was posted on IPVM, I searched for it, maybe someone can post the link for it again.)

** *** ********* **** **** * ******** **** ** ******* Schmode ** ** ** * ******** ** ** ***** **** more *******? **** **** **** ** ***** *** *******'* *********** and ******** ****'* ***** ** ********. **** ** ********/*******.

**, **** ** *** **** *** *** ******** **:******** '************ **********' / '*************' ***. *** ***** *** *** ************ *********** ** "*** ******* with *** ******* ** *** *** *** **** *** ******* is * *** *****"

**, ***, ***** ** ********** * **** **** ********* *** into ****** ********** ** ******** ***** ** **** *******. ***** all, ********* ********** ******** *** ****** ** ******* *** *****. So ****** ** *** ******* ** *** ******* ***** ** he ******** **** ******** ********.

***** *** ****, **** *** **. * ******* ** *****.
*** ***** **** ***'* **** ** **** *** ******** ******** starts ** *:**.
** *:**, ** ******** ** "*** ******* **** *** ******* is *** *** *** **** *** ******* ** * *** crazy" (*** ****'* * ******** ** ******) *** ***** ********* about *********:

-"*****'* **** ** ****** ** ***** ******"
-"************ **********"
-"********* ****"
-"*************"

** ** *******, ** ***** **** *** ** ***** ***** to ******* *******.

*** ******** ***** ****** ****** ** **.** ** **,***.** *** Avigilon ****** **** *.** ** **.**--** *** ****** *****'* **** to **** ** ******.

*** ********* ********* ****** *******.

"****** ********."

****:********* ************, ******* ******** **********, "********** ** ****" ********, ********** ruthlessness ********, ********* *****, ****** ****** *****, ***** *****, ***.

****:***** ****. ******** ** ** *** **** ** * ***'*. Suggestions **** ***** ********** ********* ********* ** *****, ***** ********** as ***** ********** **** ********. ** **********. ************. ** **** commitment ** ************. **** ************. **** ******* ******* *******. ******* pricey.

******:*** *** ********

*** *** *** ********. *** ** **.

******* ******.

****, *** **** * **** ** *** *** ******* ** a ********* *******.

**** ** *** **** ****, ** **** ***** *** ********* is **** ** *** ** ******. *** **** ******* *********** advocating *** ****** *** ********* ****** ******. * ******* **** make **** *************** ** ** **** ***** ********* ****** **.

** ******** ** -- *** **** ** **** ********* ******** at ******** *** ***** ********* ** * ****** ****** ** the ********* ******* ******** ********** **** ********?

"*** **** ** **** ********* ******** ** ******** *** ***** companies ** * ****** ****** ** *** ********* ******* ******** introduced **** ********?"

* ***** *** ******** *****/****** **** ************** ******* ** ***** aggressive ***** (************$*** ******* ** ****). **** *** ********** ******* ****** **** ********** **** *** the ****** ******* ****** *** ** **** ****** **** **** the ******** ******* ****, ** ******* ** *********** ***** *****-**** focus ** ******* ****** **** **** ********* / *********** ******.

***, **** ** *** ****** *** ******** *******....

****** ** * ******** ****.

***** ** *** *** * *** ** *** **** ***** division....

** *** ** ** **** ** ** *****. **** *****'* have *** ***** ** ****** *** **** ***** **** *****.

*'** **** **** ***. ***** **** *** ****** * ********* Glen **** ***, ** ***** ** *******.

****, * *** ***** ***-****. **** ***** ** ** **** the ****** **** ** ***** ******.

A.F. Bryan, as you know we would prefer to resign, rather than fire you, and so are willing to consider a reasonable exit package to insure a smoother transition. Do you have a number in mind?

*.*. *** ********, * **. *** ****** ** *,***,***.

A.F. I said **********, *** **** *** ****** ***** **** ** **** ** I ****** **** **** **** ** ****.

*.*.* ***'* **** **** ****, *****! * **** ***** #*,***,***. And **'** **** ** ****...

A.F. Wait a sec, I have an idea...

******: ******* *** *** *******, ** ** **** *** ************** *******:

*** ******** ** **** **** **** ******** ***.

****'**

****'*

***** *** *** ******* ******** * *** ****** **** ********* Avigilon ****** * *** ******* **.

*** **** *** ** ***** ******* ** ** **** **** Avigilon ***** **** *******. **** *******!

** **** *** "*****" *** *** **** * ***** ***.

*******, *** ******** ** ***** ***'** ********'* **** ***** ******!

*******, *** ******** ** ***** **** ********'* **** ***** ******!

****'**

^^* ** ***** ** ***** **** ****** **** *** ***** it.

********** ******* ********: "*'****** *** ** *****"

"*** *** **** ** **** ** ***** ** ***** *******,

*** *** ***** ** ** * **** *** **** ** down **** *******,

***** ** ** * ******* ***** *** ***** ** ** a ****,

* ***** ****** **** * $***, *'* ***** *** ** style!"

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