As families gather in the United States this week to celebrate the Thanksgiving holiday there will likely be a common inconsistency in their stories. Many will likely be thankful for the job that they currently have even though they are considerably dissatisfied with that job. With the economic downturn organizations have been so focused on squeezing out costs from their operations that most have neglected investing in their people. The result is that most employees are at a historically low level of engagement with their employers.
This weekend electric vehicle (EV) charging company Better Place announced that they are shuttering the company and liquidating their assets (WSJ Article). Over the previous few years, Better Place had raised more than $850m in venture funding from well-known investors like Morgan Stanley, GE Capital, HSBC and VantagePoint Capital Partners. Armed with lots of money and ambition, Better Place wanted to revolutionize the automobile industry by allowing EV customers to have a monthly subscription to their fuel plan just like they did to their mobile phone plan.
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