RowToTri wrote:
I am generally a big fan of races produced by WTC. I think overall it is a great product, I will continue to participate in Ironman branded races and I think WTC takes a lot of crap on this forum that is undeserved. But WTC and Ironman are of course not without flaws. This post I think was in very poor taste. In one fell swoop you:
1. Denigrated the pros at IMC as perhaps not deserving of the money they won since every place got paid.
2. Implied that this justifies the pro purse prizes at races like IMLP and belittles the arguments made by many of your paying customers to the contrary
3. Assumes that the small field of pros has nothing to do with the way WTC organizes races but rather with the pros themselves
And then you go on to make a joke about one of your senior executives stealing and destroying private property, generally acting like a child in public and insulting the 300 of your customers who supported the effort with their own money.
This kind of attitude about your customers and blindness to your own operational shortcomings is likely to lead to a degradation in the quality of the product you provide. The most important characteristic of a line manager in an organization is to be able to look dispassionately at your performance and the performance of your product, understand and accept its failures or shortcomings and act responsibly to improve as best as possible. In this instance, you are not doing that. As a fan of Ironman races, this makes me worry a little for the future.
Also, I believe the practice of PE firms loading up their portfolio companies with debt to pay themselves dividends in excess of their entire investment that guarantee profits to their limited partners while putting the portfolio company itself (and its employees) at risk or at least hampering it's ability to compete is bad business. I know you don't get to make that decision, but I thought I would throw that out there.
Well said. I'm assuming he's not responding because his PR person is beating him with his keyboard.
I just have a hard time believing this is the real CEO. Given how brand conscious IM is, I just can't believe the CEO would make this kind of marketing/PR blunder.
_________________________________
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.